Macquarie Group Ltd. Has $252,000 Position in K12 Inc. (LRN)

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Macquarie Group Ltd. lessened its holdings in K12 Inc. (NYSE:LRN) by 67.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,212 shares of the company’s stock after selling 30,100 shares during the period. Macquarie Group Ltd.’s holdings in K12 were worth $252,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. One Wealth Advisors LLC acquired a new stake in shares of K12 in the 3rd quarter valued at $159,000. Trexquant Investment LP acquired a new position in K12 during the 3rd quarter worth $180,000. Ibex Investors LLC acquired a new position in K12 during the 3rd quarter worth $206,000. Jefferies Group LLC acquired a new position in K12 during the 3rd quarter worth $244,000. Finally, Paloma Partners Management Co acquired a new position in K12 during the 2nd quarter worth $249,000. 81.77% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on LRN shares. Barrington Research reissued a “buy” rating and set a $22.00 target price on shares of K12 in a research report on Friday, October 5th. ValuEngine raised shares of K12 from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. BMO Capital Markets boosted their target price on shares of K12 from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 24th. Sidoti started coverage on shares of K12 in a research report on Wednesday, January 2nd. They set a “neutral” rating and a $29.00 target price for the company. Finally, Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, January 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. K12 presently has an average rating of “Buy” and a consensus target price of $25.50.

K12 stock opened at $24.58 on Monday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.19 and a beta of -0.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.06 and a quick ratio of 2.95. K12 Inc. has a fifty-two week low of $12.72 and a fifty-two week high of $25.78.

K12 (NYSE:LRN) last released its earnings results on Tuesday, October 23rd. The company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. The firm had revenue of $251.30 million during the quarter, compared to analyst estimates of $226.82 million. K12 had a net margin of 2.91% and a return on equity of 4.67%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) EPS. Equities analysts forecast that K12 Inc. will post 0.76 earnings per share for the current fiscal year.

In other news, Chairman Nathaniel A. Davis sold 60,000 shares of the company’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $20.71, for a total transaction of $1,242,600.00. Following the completion of the transaction, the chairman now owns 414,778 shares of the company’s stock, valued at $8,590,052.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Nathaniel A. Davis sold 100,000 shares of the company’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $24.05, for a total transaction of $2,405,000.00. Following the transaction, the chairman now directly owns 214,778 shares of the company’s stock, valued at approximately $5,165,410.90. The disclosure for this sale can be found here. Insiders have sold 167,000 shares of company stock valued at $3,801,530 in the last ninety days. 7.00% of the stock is owned by company insiders.

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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. 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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