Alambic Investment Management L.P. Takes Position in K12 (LRN)

Alambic Investment Management L.P. acquired a new stake in K12 (NYSE:LRN) in the first quarter, according to its most recent filing with the SEC. The fund acquired 32,700 shares of the company’s stock, valued at approximately $464,000. Alambic Investment Management L.P. owned approximately 0.08% of K12 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in K12 by 6.3% in the 4th quarter. BlackRock Inc. now owns 2,573,649 shares of the company’s stock valued at $40,921,000 after buying an additional 152,056 shares in the last quarter. Renaissance Technologies LLC grew its stake in K12 by 13.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,020,700 shares of the company’s stock valued at $16,229,000 after buying an additional 123,600 shares in the last quarter. Geode Capital Management LLC grew its stake in K12 by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 590,068 shares of the company’s stock valued at $9,381,000 after buying an additional 64,885 shares in the last quarter. Royce & Associates LP grew its stake in K12 by 26.0% in the 4th quarter. Royce & Associates LP now owns 550,728 shares of the company’s stock valued at $8,757,000 after buying an additional 113,617 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in K12 by 19.6% in the 4th quarter. Deutsche Bank AG now owns 540,547 shares of the company’s stock valued at $8,593,000 after buying an additional 88,639 shares in the last quarter. Institutional investors and hedge funds own 82.26% of the company’s stock.

A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of K12 from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered shares of K12 from a “buy” rating to a “hold” rating in a research note on Saturday, April 28th. BMO Capital Markets reduced their price target on shares of K12 from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th. Finally, Barrington Research restated a “buy” rating and set a $22.00 price target on shares of K12 in a research report on Thursday, April 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.33.

K12 opened at $15.80 on Wednesday, according to Marketbeat Ratings. The firm has a market cap of $658.34 million, a PE ratio of 35.11, a PEG ratio of 1.76 and a beta of 0.01. The company has a quick ratio of 3.77, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. K12 has a one year low of $12.72 and a one year high of $19.92.

K12 (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 24th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $232.90 million for the quarter, compared to analysts’ expectations of $227.30 million. K12 had a net margin of 1.32% and a return on equity of 3.75%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. sell-side analysts forecast that K12 will post 0.61 EPS for the current fiscal year.

In other news, insider Kevin Chavous sold 3,491 shares of the business’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $15.20, for a total transaction of $53,063.20. Following the completion of the transaction, the insider now directly owns 60,424 shares in the company, valued at approximately $918,444.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.61% of the stock is owned by insiders.

K12 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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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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