K12 Inc (NYSE:LRN) – Equities research analysts at First Analysis issued their Q2 2018 earnings per share (EPS) estimates for K12 in a report released on Wednesday. First Analysis analyst C. Greendale expects that the company will post earnings per share of $0.34 for the quarter. First Analysis also issued estimates for K12’s FY2018 earnings at $0.50 EPS and FY2019 earnings at $0.56 EPS.
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A number of other analysts have also issued reports on the stock. BMO Capital Markets restated a “buy” rating on shares of K12 in a research note on Friday, April 28th. Zacks Investment Research lowered shares of K12 from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of K12 from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. K12 has a consensus rating of “Hold” and a consensus target price of $17.75.
Shares of K12 (NYSE LRN) traded up 2.38% on Thursday, hitting $17.22. 77,741 shares of the stock traded hands. The firm’s 50-day moving average is $17.94 and its 200 day moving average is $18.66. K12 has a 12-month low of $10.17 and a 12-month high of $21.18. The firm has a market cap of $702.97 million, a P/E ratio of 1722.00 and a beta of -0.20.
A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in K12 by 3.7% in the second quarter. Legal & General Group Plc now owns 8,346 shares of the company’s stock worth $150,000 after buying an additional 298 shares in the last quarter. Strs Ohio increased its position in K12 by 1.8% in the second quarter. Strs Ohio now owns 40,700 shares of the company’s stock worth $729,000 after buying an additional 700 shares in the last quarter. Wells Fargo & Company MN increased its position in K12 by 2.0% in the first quarter. Wells Fargo & Company MN now owns 48,640 shares of the company’s stock worth $932,000 after buying an additional 973 shares in the last quarter. Russell Investments Group Ltd. increased its position in K12 by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 240,733 shares of the company’s stock worth $4,609,000 after buying an additional 1,029 shares in the last quarter. Finally, Rhumbline Advisers increased its position in K12 by 2.8% in the second quarter. Rhumbline Advisers now owns 41,922 shares of the company’s stock worth $751,000 after buying an additional 1,155 shares in the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.
In other K12 news, CFO James Jeaho Rhyu sold 5,000 shares of K12 stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $18.79, for a total value of $93,950.00. Following the completion of the transaction, the chief financial officer now owns 280,624 shares of the company’s stock, valued at $5,272,924.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Allison Cleveland sold 5,600 shares of K12 stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $18.66, for a total transaction of $104,496.00. Following the completion of the transaction, the executive vice president now directly owns 99,916 shares of the company’s stock, valued at approximately $1,864,432.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,600 shares of company stock valued at $833,746. 18.34% of the stock is currently owned by corporate insiders.
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 continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.
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