K12 Inc. (LRN) Trading 2.4% Higher
Shares of K12 Inc. (NYSE:LRN) traded up 2.4% on Monday . The stock traded as high as $12.85 and last traded at $12.68, with a volume of 80,042 shares changing hands. The stock had previously closed at $12.38.
LRN has been the subject of several analyst reports. TheStreet raised K12 from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. Barrington Research reaffirmed a “market perform” rating on shares of K12 in a research note on Friday, July 15th.
The company’s 50 day moving average is $12.57 and its 200-day moving average is $11.01. The company’s market capitalization is $473.90 million.
Other hedge funds have made changes to their positions in the company. 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 acquired a new stake in shares of K12 during the fourth quarter valued at $2,638,000. Finally, 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.
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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