Congress Wealth Management LLC DE Boosts Stock Position in Stride, Inc. (NYSE:LRN)

Congress Wealth Management LLC DE grew its stake in Stride, Inc. (NYSE:LRN) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,198 shares of the company’s stock after purchasing an additional 9,433 shares during the period. Congress Wealth Management LLC DE owned approximately 0.20% of Stride worth $8,855,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. R Squared Ltd acquired a new position in Stride in the 4th quarter valued at $37,000. Smartleaf Asset Management LLC increased its stake in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after acquiring an additional 592 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock worth $163,000 after purchasing an additional 199 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Stride in the fourth quarter valued at about $165,000. Finally, Wolverine Asset Management LLC boosted its holdings in Stride by 11.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Shares of NYSE LRN opened at $125.43 on Tuesday. 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 $5.46 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.04 and a beta of 0.46. The company’s 50-day moving average price is $128.92 and its 200 day moving average price is $106.47. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BMO Capital Markets raised their price target on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group boosted their target price on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Morgan Stanley increased their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Barrington Research reissued an “outperform” rating and set a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.