Federated Investors Inc. PA boosted its stake in shares of K12 Inc. (NYSE:LRN) by 30.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 298,081 shares of the company’s stock after acquiring an additional 68,743 shares during the period. Federated Investors Inc. PA’s holdings in K12 were worth $10,174,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LRN. Investors Research Corp bought a new position in K12 during the 1st quarter worth $27,000. PNC Financial Services Group Inc. bought a new position in shares of K12 during the fourth quarter worth about $44,000. Group One Trading L.P. bought a new stake in K12 in the fourth quarter worth approximately $56,000. FNY Investment Advisers LLC increased its holdings in shares of K12 by 539.8% during the first quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock valued at $92,000 after acquiring an additional 2,278 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of K12 during the first quarter valued at approximately $144,000. Institutional investors own 87.28% of the company’s stock.

K12 stock opened at $30.88 on Wednesday. The company has a quick ratio of 3.39, a current ratio of 3.51 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 45.41, a P/E/G ratio of 2.51 and a beta of 0.10. K12 Inc. has a twelve month low of $16.07 and a twelve month high of $37.43.

K12 (NYSE:LRN) last released its earnings results on Tuesday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. K12 had a return on equity of 7.23% and a net margin of 4.33%. The firm had revenue of $253.25 million for the quarter, compared to the consensus estimate of $252.49 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Analysts anticipate that K12 Inc. will post 0.84 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. Barrington Research reissued a “buy” rating and issued a $40.00 price objective (up previously from $30.00) on shares of K12 in a research report on Friday, April 12th. Zacks Investment Research upgraded K12 from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $31.50.

WARNING: This article was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2019/06/12/federated-investors-inc-pa-increases-position-in-k12-inc-nyselrn.html.

K12 Profile

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.

Recommended Story: Producer Price Index (PPI)

Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for K12 Inc. (NYSE:LRN).

Institutional Ownership by Quarter for K12 (NYSE:LRN)

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