Vestcor Inc Sells 4,211 Shares of Stride, Inc. (NYSE:LRN)

Vestcor Inc lessened its stake in Stride, Inc. (NYSE:LRN - Free Report) by 65.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 large investors also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Stride during the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC increased its position in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after acquiring an additional 592 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Stride during the fourth quarter valued at approximately $165,000. Wolverine Asset Management LLC increased its position in shares of Stride by 11.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after acquiring an additional 183 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Stride by 11,953.3% during the fourth quarter. Assetmark Inc. now owns 1,808 shares of the company's stock valued at $188,000 after acquiring an additional 1,793 shares during the last quarter. Institutional investors own 98.24% of the company's stock.

Stride Stock Performance

Shares of Stride stock traded down $0.81 during trading hours on Friday, reaching $121.97. The company had a trading volume of 1,030,344 shares, compared to its average volume of 798,854. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The business has a fifty day simple moving average of $128.61 and a 200 day simple moving average of $105.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The firm has a market cap of $5.31 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

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Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on LRN shares. Barrington Research reaffirmed an "outperform" rating and set a $140.00 price target on shares of Stride in a research report on Friday, March 14th. Canaccord Genuity Group raised their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Morgan Stanley raised their target price on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the stock 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's stock. According to data from MarketBeat, Stride has an average rating of "Moderate Buy" and a consensus price target of $119.33.

About Stride

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.