K12 Inc. (LRN) Shares Down 3.4%
K12 Inc. (NYSE:LRN) shares dropped 3.4% during mid-day trading on Monday . The stock traded as low as $12.60 and last traded at $12.64, with a volume of 54,227 shares traded. The stock had previously closed at $13.09.
LRN has been the subject of several research reports. TheStreet raised K12 from a “sell” rating to a “hold” rating in a research report on Friday, July 8th. Barrington Research reissued a “market perform” rating on shares of K12 in a research report on Friday, July 15th.
The company’s market cap is $481.02 million. The firm has a 50 day moving average of $12.66 and a 200-day moving average of $11.04.
A number of hedge funds and institutional investors recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in 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 position in K12 during the fourth quarter valued at approximately $2,638,000. Finally, California Public Employees Retirement System raised its position in 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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