Kestra Private Wealth Services LLC Acquires New Holdings in Stride, Inc. (NYSE:LRN)

Kestra Private Wealth Services LLC acquired a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,093 shares of the company's stock, valued at approximately $771,000.

Other hedge funds also recently made changes to their positions in the company. Bosun Asset Management LLC increased its position in shares of Stride by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock valued at $862,000 after acquiring an additional 111 shares during the period. First Horizon Advisors Inc. increased its position in shares of Stride by 140.5% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after acquiring an additional 156 shares during the period. Larson Financial Group LLC increased its position in shares of Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after acquiring an additional 160 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after acquiring an additional 178 shares during the period. Finally, NDVR Inc. increased its position in shares of Stride by 5.1% in the fourth quarter. NDVR Inc. now owns 3,762 shares of the company's stock valued at $391,000 after acquiring an additional 182 shares during the period. 98.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

LRN has been the topic of several research analyst reports. Barrington Research reiterated an "outperform" rating and set a $170.00 price target on shares of Stride in a research report on Thursday. Canaccord Genuity Group upped their price objective on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. BMO Capital Markets restated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Finally, William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Up 0.4%

Shares of NYSE LRN traded up $0.58 during midday trading on Friday, hitting $129.79. The stock had a trading volume of 344,240 shares, compared to its average volume of 562,617. The business's 50 day moving average is $142.96 and its 200-day moving average is $135.94. The company has a market cap of $5.65 billion, a P/E ratio of 20.25, a PEG ratio of 0.83 and a beta of 0.32. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $162.30. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.07). The firm had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. Stride had a return on equity of 23.36% and a net margin of 13.10%. The company's quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 EPS. As a group, analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.