K12 Inc. (NYSE:LRN) shares saw unusually-strong trading volume on Friday . Approximately 210,089 shares were traded during trading, an increase of 18% from the previous session’s volume of 177,470 shares.The stock last traded at $13.04 and had previously closed at $12.77.

Separately, Zacks Investment Research cut K12 from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd.

The company’s market cap is $485.90 million. The stock’s 50-day moving average is $11.95 and its 200 day moving average is $10.42.

K12 (NYSE:LRN) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The company earned $221.30 million during the quarter, compared to analyst estimates of $219.70 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities analysts expect that K12 Inc. will post $0.39 earnings per share for the current fiscal year.

A number of hedge funds recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in shares of K12 by 169.3% in the fourth quarter. Bank of Montreal Can now owns 157,318 shares of the company’s stock valued at $1,384,000 after buying an additional 98,896 shares in the last quarter. Matarin Capital Management LLC bought a new stake in shares of K12 during the fourth quarter valued at about $2,638,000. California Public Employees Retirement System increased its stake in shares of K12 by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 305,900 shares of the company’s stock valued at $2,692,000 after buying an additional 18,600 shares in the last quarter. Oxford Asset Management increased its stake in shares of K12 by 12.7% in the fourth quarter. Oxford Asset Management now owns 301,704 shares of the company’s stock valued at $2,705,000 after buying an additional 34,051 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of K12 by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,696,099 shares of the company’s stock valued at $14,926,000 after buying an additional 88,511 shares in the last quarter.

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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