Russell Investments Group Ltd. Sells 73,240 Shares of K12 Inc. (NYSE:LRN)

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Russell Investments Group Ltd. lowered its stake in K12 Inc. (NYSE:LRN) by 21.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 271,679 shares of the company’s stock after selling 73,240 shares during the quarter. Russell Investments Group Ltd.’s holdings in K12 were worth $5,454,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Systematic Financial Management LP boosted its holdings in K12 by 54.1% in the third quarter. Systematic Financial Management LP now owns 331,434 shares of the company’s stock valued at $8,750,000 after acquiring an additional 116,306 shares in the last quarter. California Public Employees Retirement System boosted its holdings in K12 by 51.0% in the fourth quarter. California Public Employees Retirement System now owns 274,590 shares of the company’s stock valued at $5,588,000 after acquiring an additional 92,685 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in K12 in the third quarter valued at $4,893,000. Mackay Shields LLC boosted its holdings in K12 by 1.9% in the third quarter. Mackay Shields LLC now owns 135,545 shares of the company’s stock valued at $3,578,000 after acquiring an additional 2,500 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in K12 by 0.9% in the first quarter. First Trust Advisors LP now owns 68,385 shares of the company’s stock valued at $2,334,000 after acquiring an additional 578 shares in the last quarter. Institutional investors and hedge funds own 86.13% of the company’s stock.

Several research firms recently weighed in on LRN. ValuEngine cut shares of K12 from a “buy” rating to a “hold” rating in a report on Tuesday. Barrington Research cut their price target on shares of K12 from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Sidoti cut their price target on shares of K12 from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets cut their price target on shares of K12 from $27.00 to $23.00 and set a “positive” rating on the stock in a report on Tuesday, January 28th. Finally, Zacks Investment Research cut shares of K12 from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. K12 currently has a consensus rating of “Buy” and a consensus target price of $27.75.

Shares of LRN stock traded down $0.03 during mid-day trading on Friday, reaching $17.09. 2,022 shares of the company’s stock traded hands, compared to its average volume of 376,693. K12 Inc. has a 12 month low of $15.73 and a 12 month high of $37.43. The company has a market cap of $700.93 million, a P/E ratio of 21.58, a P/E/G ratio of 2.11 and a beta of 0.31. The company has a quick ratio of 3.69, a current ratio of 3.84 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $18.93 and its 200-day moving average price is $22.91.

K12 (NYSE:LRN) last announced its earnings results on Monday, January 27th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. K12 had a net margin of 3.19% and a return on equity of 5.15%. The firm had revenue of $257.56 million for the quarter, compared to analysts’ expectations of $257.21 million. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that K12 Inc. will post 0.5 earnings per share for the current year.

K12 Company 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.

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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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