Vestcor Inc Has $231,000 Holdings in Stride, Inc. (NYSE:LRN)

Vestcor Inc lessened its holdings in shares of Stride, Inc. (NYSE:LRN) by 65.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,226 shares of the company’s stock after selling 4,211 shares during the quarter. Vestcor Inc’s holdings in Stride were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LRN. Atria Investments Inc acquired a new position in Stride during the third quarter worth approximately $274,000. GSA Capital Partners LLP acquired a new position in Stride during the third quarter worth approximately $513,000. Natixis Advisors LLC grew its position in shares of Stride by 47.4% in the third quarter. Natixis Advisors LLC now owns 181,910 shares of the company’s stock valued at $15,518,000 after purchasing an additional 58,487 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Stride by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 33,412 shares of the company’s stock valued at $2,850,000 after purchasing an additional 251 shares during the last quarter. Finally, Quest Partners LLC grew its position in shares of Stride by 20,248.8% in the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock valued at $712,000 after purchasing an additional 8,302 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Trading Down 1.4 %

Shares of LRN stock opened at $120.21 on Wednesday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5.23 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The stock has a 50 day simple moving average of $127.87 and a 200 day simple moving average of $105.29. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on LRN. Canaccord Genuity Group upped their target price on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Morgan Stanley upped their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Finally, BMO Capital Markets upped their target price on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

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.