Zacks Investment Research Lowers K12 Inc (LRN) to Hold

K12 Inc (NYSE:LRN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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. “

Other equities research analysts have also issued reports about the company. TheStreet lowered K12 from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. BidaskClub lowered K12 from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.67.

K12 (NYSE LRN) opened at 17.39 on Wednesday. The firm has a 50-day moving average price of $17.63 and a 200 day moving average price of $18.42. The firm has a market capitalization of $672.68 million, a P/E ratio of 1739.00 and a beta of -0.23. K12 has a 52-week low of $10.17 and a 52-week high of $21.18.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/zacks-investment-research-lowers-k12-inc-lrn-to-hold.html.

In other news, CFO James Jeaho Rhyu sold 5,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 55,000 shares of company stock valued at $990,850. Insiders own 18.34% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of K12 by 508.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,860 shares of the company’s stock valued at $123,000 after buying an additional 5,733 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of K12 by 167.3% in the second 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 acquired a new stake in shares of K12 in the second quarter valued at about $131,000. Legal & General Group Plc grew its stake in shares of K12 by 3.7% in the second 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. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of K12 in the second quarter valued at about $248,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

K12 Company Profile

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 kinde

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. “

Other equities research analysts have also issued reports about the company. TheStreet lowered K12 from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. BidaskClub lowered K12 from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.67.

K12 (NYSE LRN) opened at 17.39 on Wednesday. The firm has a 50-day moving average price of $17.63 and a 200 day moving average price of $18.42. The firm has a market capitalization of $672.68 million, a P/E ratio of 1739.00 and a beta of -0.23. K12 has a 52-week low of $10.17 and a 52-week high of $21.18.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/zacks-investment-research-lowers-k12-inc-lrn-to-hold.html.

In other news, CFO James Jeaho Rhyu sold 5,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 55,000 shares of company stock valued at $990,850. Insiders own 18.34% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of K12 by 508.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,860 shares of the company’s stock valued at $123,000 after buying an additional 5,733 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of K12 by 167.3% in the second 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 acquired a new stake in shares of K12 in the second quarter valued at about $131,000. Legal & General Group Plc grew its stake in shares of K12 by 3.7% in the second 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. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of K12 in the second quarter valued at about $248,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

K12 Company Profile

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.

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