Zacks Investment Research lowered shares of K12 (NYSE:LRN) from a buy rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background. “
Separately, ValuEngine downgraded K12 from a hold rating to a sell rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. K12 presently has an average rating of Hold and an average price target of $19.00.
Shares of NYSE LRN opened at $14.42 on Wednesday. The company has a current ratio of 4.15, a quick ratio of 4.00 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $607.56, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.03. K12 has a 12 month low of $14.01 and a 12 month high of $21.18.
K12 (NYSE:LRN) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.10. The company had revenue of $217.20 million for the quarter, compared to the consensus estimate of $220.92 million. K12 had a return on equity of 4.39% and a net margin of 0.89%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. research analysts forecast that K12 will post 0.63 earnings per share for the current fiscal year.
In related news, insider Nathaniel A. Davis sold 20,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $18.08, for a total value of $361,600.00. Following the sale, the insider now owns 353,874 shares of the company’s stock, valued at approximately $6,398,041.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Howard D. Polsky sold 6,099 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $17.50, for a total value of $106,732.50. Following the completion of the sale, the general counsel now directly owns 128,728 shares in the company, valued at approximately $2,252,740. The disclosure for this sale can be found here. 18.34% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its stake in K12 by 112.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 215,313 shares of the company’s stock valued at $3,423,000 after buying an additional 114,193 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in K12 in the 3rd quarter valued at $505,000. Janus Henderson Group PLC boosted its stake in K12 by 1,708.3% in the 3rd quarter. Janus Henderson Group PLC now owns 802,478 shares of the company’s stock valued at $14,316,000 after buying an additional 758,100 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in K12 by 5.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 313,988 shares of the company’s stock valued at $5,602,000 after buying an additional 17,297 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in K12 by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,110,388 shares of the company’s stock valued at $55,490,000 after buying an additional 113,779 shares in the last quarter. 81.65% of the stock is currently owned by institutional investors and hedge funds.
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K12 Company Profile
K12 Inc, a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. It manages virtual and blended public schools.
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