Beacon Harbor Wealth Advisors Inc. Buys Shares of 36,674 Stride, Inc. $LRN

Beacon Harbor Wealth Advisors Inc. purchased a new position in Stride, Inc. (NYSE:LRN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,674 shares of the company’s stock, valued at approximately $5,325,000. Beacon Harbor Wealth Advisors Inc. owned about 0.08% of Stride at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LRN. Larson Financial Group LLC lifted its holdings in Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after purchasing an additional 160 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Stride during the second quarter valued at approximately $27,000. Golden State Wealth Management LLC raised its position in shares of Stride by 37.5% in the second quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock valued at $40,000 after purchasing an additional 75 shares during the period. Harbour Investments Inc. lifted its stake in shares of Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after buying an additional 266 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Stride in the first quarter worth $43,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Insider Buying and Selling at Stride

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the sale, the chief executive officer directly owned 706,353 shares in the company, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Stride Stock Performance

NYSE:LRN opened at $64.11 on Friday. The firm’s 50-day moving average is $127.12 and its 200-day moving average is $140.44. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.40 and a beta of -0.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.27 and a current ratio of 6.78. Stride, Inc. has a 52-week low of $63.61 and a 52-week high of $171.17.

Stride (NYSE:LRN) last released its earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.29. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business had revenue of $620.88 million during the quarter, compared to analysts’ expectations of $615.50 million. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on LRN. Barrington Research lowered their target price on shares of Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Canaccord Genuity Group upped their price target on shares of Stride from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, October 24th. BMO Capital Markets set a $108.00 price target on Stride and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Zacks Research cut Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen downgraded Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Stride 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.