K12 Inc. (LRN) Shares Bought by ClariVest Asset Management LLC
ClariVest Asset Management LLC increased its position in K12 Inc. (NYSE:LRN) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 130,300 shares of the company’s stock after buying an additional 1,000 shares during the period. ClariVest Asset Management LLC’s holdings in K12 were worth $1,628,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Smith Asset Management Group LP boosted its stake in K12 by 68.6% in the second quarter. Smith Asset Management Group LP now owns 10,570 shares of the company’s stock worth $132,000 after buying an additional 4,300 shares during the period. Boothbay Fund Management LLC bought a new stake in K12 during the first quarter worth approximately $108,000. Springbok Capital Management LLC boosted its stake in K12 by 86.0% in the first quarter. Springbok Capital Management LLC now owns 27,524 shares of the company’s stock worth $272,000 after buying an additional 12,730 shares during the period. Landscape Capital Management L.L.C. boosted its stake in K12 by 33.3% in the first quarter. Landscape Capital Management L.L.C. now owns 40,834 shares of the company’s stock worth $404,000 after buying an additional 10,194 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new stake in K12 during the first quarter worth approximately $573,000. 80.71% of the stock is currently owned by institutional investors.
Shares of K12 Inc. (NYSE:LRN) traded down 1.46% on Thursday, reaching $14.20. 69,399 shares of the company traded hands. K12 Inc. has a 52-week low of $7.11 and a 52-week high of $14.91. The company has a market capitalization of $533.20 million, a PE ratio of 61.74 and a beta of 0.59. The firm has a 50-day moving average of $13.24 and a 200-day moving average of $12.11.
K12 (NYSE:LRN) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.09 earnings per share 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 firm earned $221.30 million during the quarter, compared to analysts’ expectations of $210.13 million. During the same quarter last year, the business earned $0.18 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities research analysts forecast that K12 Inc. will post $0.43 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the stock. TheStreet raised shares of K12 from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Barrington Research reaffirmed 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 price target for the company in a research note on Wednesday, August 10th.
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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