63,118 Shares in K12 Inc. (NYSE:LRN) Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC bought a new position in shares of K12 Inc. (NYSE:LRN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 63,118 shares of the company’s stock, valued at approximately $1,919,000. Seizert Capital Partners LLC owned 0.16% of K12 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LRN. Bank of America Corp DE grew its holdings in shares of K12 by 52.8% during the 4th quarter. Bank of America Corp DE now owns 38,283 shares of the company’s stock worth $950,000 after purchasing an additional 13,224 shares during the period. Legal & General Group Plc boosted its holdings in K12 by 17.4% in the 4th quarter. Legal & General Group Plc now owns 6,774 shares of the company’s stock worth $168,000 after acquiring an additional 1,005 shares during the period. Investors Research Corp purchased a new position in K12 in the 1st quarter worth approximately $27,000. BNP Paribas Arbitrage SA boosted its holdings in K12 by 150.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,662 shares of the company’s stock worth $296,000 after acquiring an additional 5,209 shares during the period. Finally, James Investment Research Inc. purchased a new position in K12 in the 1st quarter worth approximately $701,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

A number of equities analysts have weighed in on LRN shares. BMO Capital Markets decreased their price target on K12 to $33.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. ValuEngine cut K12 from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded K12 from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, August 9th. TheStreet cut K12 from a “b” rating to a “c+” rating in a research note on Tuesday, August 13th. Finally, Barrington Research reiterated a “buy” rating and set a $40.00 target price on shares of K12 in a research note on Thursday, June 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. K12 has a consensus rating of “Buy” and an average price target of $33.25.

Shares of K12 stock traded down $0.91 on Friday, hitting $27.56. 269,209 shares of the company’s stock traded hands, compared to its average volume of 324,832. The stock has a market cap of $1.15 billion, a P/E ratio of 30.29, a PEG ratio of 1.99 and a beta of 0.06. The company has a quick ratio of 3.21, a current ratio of 3.40 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $29.69 and its 200 day moving average is $31.68. K12 Inc. has a 52-week low of $16.12 and a 52-week high of $37.43.

K12 (NYSE:LRN) last released its earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.05. The company had revenue of $256.31 million during the quarter, compared to analysts’ expectations of $248.43 million. K12 had a return on equity of 6.11% and a net margin of 3.66%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. Equities research analysts forecast that K12 Inc. will post 0.95 EPS for the current year.

About K12

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. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.

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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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