K12 (LRN) Downgraded by Zacks Investment Research

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

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. “

Separately, BMO Capital Markets reiterated a “buy” rating and set a $21.00 price objective on shares of K12 in a research report on Wednesday, October 25th.

K12 (LRN) opened at $16.97 on Friday. K12 has a 1 year low of $15.07 and a 1 year high of $21.18. The company has a market capitalization of $724.35, a P/E ratio of 27.76, a P/E/G ratio of 1.84 and a beta of -0.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.43 and a current ratio of 4.15.

K12 (NYSE:LRN) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.10. K12 had a return on equity of 4.39% and a net margin of 0.89%. The firm had revenue of $217.20 million for the quarter, compared to the consensus estimate of $220.92 million. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. analysts forecast that K12 will post 0.63 EPS for the current year.

In other K12 news, General Counsel Howard D. Polsky sold 6,099 shares of K12 stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $17.50, for a total value of $106,732.50. Following the sale, the general counsel now owns 128,728 shares in the company, valued at $2,252,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $361,600.00. Following the completion of the sale, the insider now owns 353,874 shares in the company, valued at approximately $6,398,041.92. The disclosure for this sale can be found here. 18.34% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of LRN. Janus Henderson Group PLC raised its position in K12 by 1,708.3% in the third quarter. Janus Henderson Group PLC now owns 802,478 shares of the company’s stock valued at $14,316,000 after purchasing an additional 758,100 shares during the period. Dimensional Fund Advisors LP raised its position in K12 by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,996,609 shares of the company’s stock valued at $53,700,000 after purchasing an additional 227,364 shares during the period. Lyon Street Capital LLC purchased a new stake in K12 in the third quarter valued at $3,498,000. Palisade Capital Management LLC NJ raised its position in K12 by 7.9% in the third quarter. Palisade Capital Management LLC NJ now owns 1,196,274 shares of the company’s stock valued at $21,342,000 after purchasing an additional 87,747 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in K12 by 26.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 397,265 shares of the company’s stock valued at $6,317,000 after purchasing an additional 83,277 shares during the period. Institutional investors own 78.83% of the company’s stock.

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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.

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