Barrington Research Weighs in on K12 Inc’s Q2 2018 Earnings (LRN)
K12 Inc (NYSE:LRN) – Research analysts at Barrington Research issued their Q2 2018 earnings estimates for K12 in a research report issued to clients and investors on Friday. Barrington Research analyst A. Paris. Jr anticipates that the company will post earnings of $0.39 per share for the quarter. Barrington Research also issued estimates for K12’s Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.08 EPS and FY2019 earnings at $0.57 EPS.
LRN has been the topic of several other research reports. Zacks Investment Research cut K12 from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub cut K12 from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, TheStreet cut K12 from a “b-” rating to a “c+” rating in a 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.67.
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Shares of K12 (NYSE:LRN) opened at 17.51 on Monday. The company has a market capitalization of $677.32 million, a PE ratio of 1751.00 and a beta of -0.24. K12 has a 52 week low of $10.17 and a 52 week high of $21.18. The company’s 50 day moving average is $17.61 and its 200-day moving average is $18.51.
In other news, EVP Allison Cleveland sold 5,600 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $18.66, for a total transaction of $104,496.00. Following the sale, the executive vice president now owns 99,916 shares in the company, valued at $1,864,432.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Jeaho Rhyu sold 10,000 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $18.20, for a total value of $182,000.00. Following the sale, the chief financial officer now owns 270,624 shares in the company, valued at approximately $4,925,356.80. The disclosure for this sale can be found here. Insiders have sold 55,600 shares of company stock worth $1,007,346 in the last 90 days. Company insiders own 18.34% of the company’s stock.
Several hedge funds have recently made changes to their positions in LRN. Tower Research Capital LLC TRC lifted its stake in shares of K12 by 508.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,860 shares of the company’s stock valued at $123,000 after acquiring an additional 5,733 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of K12 by 167.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,188 shares of the company’s stock valued at $129,000 after acquiring an additional 4,499 shares during the period. SG Americas Securities LLC acquired a new position in shares of K12 during the second quarter valued at $131,000. Legal & General Group Plc lifted its stake in shares of K12 by 3.7% during the second quarter. Legal & General Group Plc now owns 8,346 shares of the company’s stock valued at $150,000 after acquiring an additional 298 shares during the period. Finally, 1st Global Advisors Inc. acquired a new position in shares of K12 during the first quarter valued at $223,000. Institutional investors 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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