K12 Inc. (LRN) Sees Large Volume Increase
K12 Inc. (NYSE:LRN) shares saw an uptick in trading volume on Friday . 210,089 shares traded hands during mid-day 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 lowered shares of K12 from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd.
The firm’s 50 day moving average price is $11.95 and its 200 day moving average price is $10.42. The stock’s market cap is $485.90 million.
K12 (NYSE:LRN) last released its earnings results on Wednesday, April 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The company earned $221.30 million during the quarter, compared to analysts’ expectations of $219.70 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. K12’s revenue for the quarter was down 9.5% compared to the same quarter last year. Equities research analysts anticipate that K12 Inc. will post $0.39 earnings per share for the current fiscal year.
Other large investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in K12 by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,696,099 shares of the company’s stock worth $14,926,000 after buying an additional 88,511 shares during the last quarter. Matarin Capital Management LLC bought a new stake in K12 during the fourth quarter worth about $2,638,000. Bank of Montreal Can increased its stake in K12 by 169.3% in the fourth quarter. Bank of Montreal Can now owns 157,318 shares of the company’s stock worth $1,384,000 after buying an additional 98,896 shares during the last quarter. California Public Employees Retirement System increased its stake in K12 by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 305,900 shares of the company’s stock worth $2,692,000 after buying an additional 18,600 shares during the last quarter. Finally, Oxford Asset Management increased its stake in K12 by 12.7% in the fourth quarter. Oxford Asset Management now owns 301,704 shares of the company’s stock worth $2,705,000 after buying an additional 34,051 shares during 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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