Vestcor Inc Acquires 102 Shares of Stride, Inc. (NYSE:LRN)

Vestcor Inc lifted its holdings in shares of Stride, Inc. (NYSE:LRN) by 4.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,328 shares of the company’s stock after acquiring an additional 102 shares during the period. Vestcor Inc’s holdings in Stride were worth $294,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRN. Bosun Asset Management LLC lifted its holdings in Stride by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock valued at $862,000 after purchasing an additional 111 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after purchasing an additional 156 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 160 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake 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 worth $42,000 after acquiring an additional 178 shares during the last quarter. Finally, NDVR Inc. raised its stake in shares of Stride by 5.1% in the fourth quarter. NDVR Inc. now owns 3,762 shares of the company’s stock worth $391,000 after acquiring an additional 182 shares during the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Trading Up 0.8%

LRN opened at $130.35 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.61 and a quick ratio of 5.53. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 0.83 and a beta of 0.10. The firm has a 50 day simple moving average of $139.35 and a 200 day simple moving average of $137.22. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30.

Analyst Ratings Changes

A number of equities analysts have weighed in on LRN shares. William Blair reaffirmed an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Barrington Research reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Stride in a research note on Thursday, July 24th. Canaccord Genuity Group boosted their target price on shares of Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Finally, Wall Street Zen raised shares of Stride from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.83.

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.