K12 Inc (LRN) Forecasted to Earn FY2018 Earnings of $0.50 Per Share
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.
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.
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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