K12 Inc (NYSE:LRN) EVP Allison Cleveland sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $18.66, for a total transaction of $104,496.00. Following the completion of the sale, the executive vice president now owns 99,916 shares in the company, valued at approximately $1,864,432.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
K12 Inc (LRN) traded down 1.23% during trading on Friday, hitting $18.45. 268,905 shares of the stock traded hands. K12 Inc has a 12 month low of $10.17 and a 12 month high of $21.18. The stock has a market cap of $705.71 million, a PE ratio of 122.19 and a beta of -0.18. The company has a 50-day moving average price of $19.46 and a 200-day moving average price of $18.34.
K12 (NYSE:LRN) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.16. K12 had a net margin of 0.67% and a return on equity of 3.19%. The company had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue was up .5% on a year-over-year basis. Equities research analysts expect that K12 Inc will post $0.41 EPS for the current year.
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Several large investors have recently made changes to their positions in LRN. AQR Capital Management LLC boosted its stake in shares of K12 by 10.5% in the fourth quarter. AQR Capital Management LLC now owns 485,654 shares of the company’s stock worth $8,333,000 after buying an additional 45,954 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of K12 by 8.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,896 shares of the company’s stock worth $427,000 after buying an additional 1,983 shares during the period. Bogle Investment Management L P DE boosted its stake in shares of K12 by 36.0% in the fourth quarter. Bogle Investment Management L P DE now owns 137,738 shares of the company’s stock worth $2,363,000 after buying an additional 36,480 shares during the period. Two Sigma Investments LP boosted its stake in shares of K12 by 1.2% in the fourth quarter. Two Sigma Investments LP now owns 69,317 shares of the company’s stock worth $1,189,000 after buying an additional 803 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of K12 by 374.6% in the fourth quarter. GSA Capital Partners LLP now owns 86,159 shares of the company’s stock worth $1,478,000 after buying an additional 68,004 shares during the period. 79.24% of the stock is owned by institutional investors.
A number of analysts have weighed in on LRN shares. Zacks Investment Research upgraded shares of K12 from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, May 2nd. BMO Capital Markets restated a “buy” rating on shares of K12 in a research report on Friday, April 28th. Finally, TheStreet raised shares of K12 from a “c+” rating to a “b-” rating in a research note on Monday, April 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.25.
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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