K12 (NYSE:LRN) Downgraded by ValuEngine to “Hold”

ValuEngine cut shares of K12 (NYSE:LRN) from a buy rating to a hold rating in a research report sent to investors on Thursday, ValuEngine reports.

LRN has been the topic of several other reports. Zacks Investment Research cut K12 from a buy rating to a hold rating in a research note on Wednesday, July 24th. Barrington Research restated a buy rating and set a $40.00 price objective on shares of K12 in a research note on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $31.00.

Shares of LRN traded down $1.33 during trading hours on Thursday, reaching $28.47. The stock had a trading volume of 355,105 shares, compared to its average volume of 156,145. K12 has a 12 month low of $16.07 and a 12 month high of $37.43. The stock’s 50-day moving average is $30.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.51 and a quick ratio of 3.39. The firm has a market cap of $1.14 billion, a P/E ratio of 41.87, a price-to-earnings-growth ratio of 2.24 and a beta of 0.06.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LRN. Investors Research Corp bought a new stake in shares of K12 during the 1st quarter worth $27,000. Financial Gravity Wealth Inc. bought a new stake in shares of K12 during the 2nd quarter worth $28,000. FinTrust Capital Advisors LLC bought a new stake in shares of K12 during the 2nd quarter worth $61,000. FNY Investment Advisers LLC raised its stake in shares of K12 by 539.8% during the 1st quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $92,000 after purchasing an additional 2,278 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in shares of K12 during the 2nd quarter worth $100,000. Institutional investors own 86.38% of the company’s stock.

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. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.

Featured Article: What is meant by holder of record?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for K12 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K12 and related companies with MarketBeat.com's FREE daily email newsletter.