Swiss National Bank increased its position in shares of K12 Inc. (NYSE:LRN) by 6.9% during the second quarter, Holdings Channel reports. The institutional investor owned 68,100 shares of the company’s stock after buying an additional 4,400 shares during the period. Swiss National Bank owned approximately 0.18% of K12 worth $851,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of LRN. Teachers Advisors Inc. raised its position in shares of K12 by 5.0% in the first quarter. Teachers Advisors Inc. now owns 458,199 shares of the company’s stock worth $4,532,000 after buying an additional 21,842 shares in the last quarter. Prudential Financial Inc. increased its stake in K12 by 12.6% in the first quarter. Prudential Financial Inc. now owns 531,845 shares of the company’s stock worth $5,260,000 after buying an additional 59,331 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in K12 during the first quarter worth approximately $573,000. Palisade Capital Management LLC NJ increased its stake in K12 by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 945,200 shares of the company’s stock worth $9,348,000 after buying an additional 90,609 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in K12 by 33.3% in the first quarter. Landscape Capital Management L.L.C. now owns 40,834 shares of the company’s stock worth $404,000 after buying an additional 10,194 shares during the last quarter. 80.71% of the stock is currently owned by hedge funds and other institutional investors.
K12 Inc. (NYSE:LRN) traded down 0.69% on Friday, reaching $14.43. 38,264 shares of the company’s stock were exchanged. K12 Inc. has a 1-year low of $7.11 and a 1-year high of $14.91. The stock’s 50 day moving average price is $12.97 and its 200 day moving average price is $11.98. The firm has a market capitalization of $541.83 million, a price-to-earnings ratio of 62.74 and a beta of 0.59.
K12 (NYSE:LRN) last announced its earnings results on Tuesday, August 9th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.04. The firm earned $221.30 million during the quarter, compared to analysts’ expectations of $210.13 million. K12 had a net margin of 1.04% and a return on equity of 2.49%. K12’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. On average, analysts expect that K12 Inc. will post $0.43 earnings per share for the current year.
A number of research firms have commented on LRN. First Analysis upgraded shares of K12 from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a report on Wednesday, August 10th. TheStreet upgraded shares of K12 from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Finally, Barrington Research restated a “market perform” rating on shares of K12 in a report on Friday, July 15th.
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 range of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.
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