K12 Inc (LRN) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P boosted its stake in shares of K12 Inc (NYSE:LRN) by 159.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,644 shares of the company’s stock after buying an additional 112,825 shares during the quarter. Martingale Asset Management L P owned approximately 0.45% of K12 worth $3,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in K12 by 167.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,188 shares of the company’s stock valued at $129,000 after buying an additional 4,499 shares in the last quarter. SG Americas Securities LLC bought a new stake in K12 during the 2nd quarter valued at about $131,000. Legal & General Group Plc lifted its holdings in K12 by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 8,346 shares of the company’s stock valued at $150,000 after buying an additional 298 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in K12 during the 1st quarter valued at about $223,000. Finally, UBS Asset Management Americas Inc. bought a new stake in K12 during the 1st quarter valued at about $255,000. Institutional investors own 79.51% of the company’s stock.

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A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of K12 from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. BidaskClub downgraded shares of K12 from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, TheStreet downgraded shares of K12 from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.67.

In other news, CFO James Jeaho Rhyu sold 10,000 shares of the stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $18.00, for a total transaction of $180,000.00. Following the sale, the chief financial officer now owns 255,624 shares of the company’s stock, valued at $4,601,232. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 60,000 shares of company stock worth $1,082,850 in the last three months. Corporate insiders own 18.34% of the company’s stock.

K12 Inc (NYSE:LRN) opened at 17.73 on Friday. The stock has a market cap of $685.83 million, a P/E ratio of 1773.00 and a beta of -0.24. K12 Inc has a 52-week low of $10.17 and a 52-week high of $21.18. The firm’s 50-day moving average is $17.59 and its 200-day moving average is $18.50.

About K12

K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

Institutional Ownership by Quarter for K12 (NYSE:LRN)

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