Thrivent Financial For Lutherans acquired a new stake in shares of K12 (NYSE:LRN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 114,286 shares of the company’s stock, valued at approximately $1,817,000. Thrivent Financial For Lutherans owned 0.28% of K12 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of LRN. Landscape Capital Management L.L.C. acquired a new position in K12 in the fourth quarter worth approximately $169,000. Wedge Capital Management L L P NC acquired a new position in K12 in the fourth quarter worth approximately $172,000. Teacher Retirement System of Texas acquired a new position in K12 in the fourth quarter worth approximately $190,000. SG Americas Securities LLC grew its position in K12 by 91.1% in the third quarter. SG Americas Securities LLC now owns 14,007 shares of the company’s stock worth $250,000 after buying an additional 6,678 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new position in K12 in the fourth quarter worth approximately $314,000. Institutional investors and hedge funds own 81.65% of the company’s stock.
LRN has been the topic of several recent research reports. Zacks Investment Research lowered shares of K12 from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. ValuEngine cut shares of K12 from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.00.
In other K12 news, insider Nathaniel A. Davis sold 20,000 shares of K12 stock in a transaction on Friday, January 26th. The shares were sold at an average price of $18.08, for a total transaction of $361,600.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Howard D. Polsky sold 6,099 shares of K12 stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $17.50, for a total transaction of $106,732.50. Following the sale, the general counsel now directly owns 128,728 shares of the company’s stock, valued at approximately $2,252,740. The disclosure for this sale can be found here. Insiders own 9.61% of the company’s stock.
LRN stock opened at $15.02 on Wednesday. K12 has a 52-week low of $14.01 and a 52-week high of $21.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.00 and a current ratio of 4.15. The firm has a market cap of $617.50, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.57 and a beta of 0.07.
K12 (NYSE:LRN) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. K12 had a net margin of 0.89% and a return on equity of 4.39%. The firm had revenue of $217.20 million for the quarter, compared to analysts’ expectations of $220.92 million. During the same period in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. equities analysts anticipate that K12 will post 0.63 earnings per share for the current year.
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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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