Eaton Vance Management continued to hold its stake in K12 Inc. (NYSE:LRN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock at the end of the second quarter. Eaton Vance Management owned about 0.05% of K12 worth $250,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in shares of K12 by 31.8% in the second quarter. Acadian Asset Management LLC now owns 1,353,085 shares of the company’s stock worth $16,899,000 after buying an additional 326,198 shares during the period. Emerald Acquisition Ltd. purchased a new position in K12 during the second quarter worth approximately $2,624,000. Bank of New York Mellon Corp boosted its position in K12 by 98.1% in the second quarter. Bank of New York Mellon Corp now owns 414,467 shares of the company’s stock worth $5,177,000 after buying an additional 205,220 shares in the last quarter. Panagora Asset Management Inc. boosted its position in K12 by 75.9% in the first quarter. Panagora Asset Management Inc. now owns 454,870 shares of the company’s stock worth $4,499,000 after buying an additional 196,258 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new position in K12 during the second quarter worth approximately $2,108,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.
Shares of K12 Inc. (NYSE:LRN) traded down 1.25% on Monday, hitting $14.17. The stock had a trading volume of 24,309 shares. The stock has a market cap of $532.07 million, a PE ratio of 61.61 and a beta of 0.58. The company has a 50 day moving average price of $12.69 and a 200-day moving average price of $11.88. K12 Inc. has a 12 month low of $7.11 and a 12 month high of $14.45.
K12 (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.04. K12 had a net margin of 1.04% and a return on equity of 2.49%. The business had revenue of $221.30 million for the quarter, compared to the consensus estimate of $210.13 million. During the same period in the previous year, the firm earned $0.18 EPS. The company’s revenue was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that K12 Inc. will post $0.43 earnings per share for the current year.
A number of research analysts recently commented on LRN shares. TheStreet raised K12 from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. Barrington Research reissued a “market perform” rating on shares of K12 in a research note on Friday, July 15th. Finally, First Analysis raised K12 from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Wednesday, August 10th.
K12 Company Profile
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 range of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.
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