K12 Inc (NYSE:LRN) – Barrington Research increased their FY2018 earnings per share estimates for K12 in a report released on Thursday. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings per share of $0.50 for the year, up from their prior estimate of $0.46.

A number of other analysts have also weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of K12 in a research note on Friday, April 28th. Zacks Investment Research lowered shares of K12 from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of K12 from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. K12 has an average rating of “Buy” and a consensus target price of $18.67.

COPYRIGHT VIOLATION NOTICE: “K12 Inc (LRN) Forecasted to Earn FY2018 Earnings of $0.50 Per Share” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/14/k12-inc-lrn-forecasted-to-earn-fy2018-earnings-of-0-50-per-share.html.

Shares of K12 (NYSE LRN) opened at 16.99 on Monday. K12 has a 52-week low of $10.17 and a 52-week high of $21.18. The stock has a 50 day moving average of $17.89 and a 200 day moving average of $18.65. The stock has a market capitalization of $657.21 million, a PE ratio of 1699.00 and a beta of -0.20.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in K12 by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,769,245 shares of the company’s stock valued at $53,030,000 after buying an additional 300,885 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in K12 during the first quarter valued at approximately $4,129,000. Alliancebernstein L.P. raised its stake in K12 by 514.1% in the first quarter. Alliancebernstein L.P. now owns 233,014 shares of the company’s stock valued at $4,462,000 after buying an additional 195,070 shares during the last quarter. Vanguard Group Inc. raised its stake in K12 by 6.8% in the first quarter. Vanguard Group Inc. now owns 2,737,545 shares of the company’s stock valued at $52,423,000 after buying an additional 175,099 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in K12 by 34.5% in the first quarter. AQR Capital Management LLC now owns 653,096 shares of the company’s stock valued at $12,507,000 after buying an additional 167,442 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

In other K12 news, CFO James Jeaho Rhyu sold 10,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $18.20, for a total transaction of $182,000.00. Following the completion of the sale, the chief financial officer now directly owns 270,624 shares of the company’s stock, valued at $4,925,356.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Allison Cleveland sold 5,600 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $18.66, for a total transaction of $104,496.00. Following the sale, the executive vice president now directly owns 99,916 shares of the company’s stock, valued at $1,864,432.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,600 shares of company stock valued at $1,014,046. 18.34% of the stock is owned by insiders.

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.

Earnings History and Estimates for K12 (NYSE:LRN)

Receive News & Stock Ratings for K12 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K12 Inc and related stocks with our FREE daily email newsletter.