K12 Inc. (NYSE:LRN) General Counsel Howard D. Polsky sold 2,091 shares of K12 stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $17.50, for a total value of $36,592.50. Following the completion of the sale, the general counsel now owns 132,072 shares of the company’s stock, valued at $2,311,260. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE:LRN opened at $16.67 on Wednesday. The stock has a market capitalization of $691.34 million, a price-to-earnings ratio of 24.51, a PEG ratio of 1.99 and a beta of -0.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.68 and a current ratio of 3.95. K12 Inc. has a 52-week low of $12.72 and a 52-week high of $18.69.

K12 (NYSE:LRN) last announced its earnings results on Tuesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. The business had revenue of $238.87 million for the quarter, compared to analysts’ expectations of $229.78 million. K12 had a return on equity of 4.72% and a net margin of 3.01%. equities analysts anticipate that K12 Inc. will post 0.59 EPS for the current year.

Several research firms recently commented on LRN. ValuEngine upgraded K12 from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Zacks Investment Research downgraded K12 from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. TheStreet upgraded K12 from a “c+” rating to a “b-” rating in a report on Monday, June 11th. Finally, Barrington Research reiterated a “buy” rating and issued a $22.00 price objective on shares of K12 in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.00.

A number of large investors have recently made changes to their positions in the business. Millennium Management LLC boosted its position in K12 by 44.6% in the second quarter. Millennium Management LLC now owns 603,159 shares of the company’s stock worth $9,874,000 after purchasing an additional 186,131 shares during the last quarter. Paloma Partners Management Co purchased a new position in K12 in the second quarter worth about $249,000. Macquarie Group Ltd. boosted its position in K12 by 860.8% in the second quarter. Macquarie Group Ltd. now owns 44,312 shares of the company’s stock worth $725,000 after purchasing an additional 39,700 shares during the last quarter. Alambic Investment Management L.P. boosted its position in K12 by 202.8% in the second quarter. Alambic Investment Management L.P. now owns 99,004 shares of the company’s stock worth $1,621,000 after purchasing an additional 66,304 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in K12 by 119.9% in the second quarter. OppenheimerFunds Inc. now owns 23,798 shares of the company’s stock worth $390,000 after purchasing an additional 12,975 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

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. It manages virtual and blended public schools.

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