Victory Capital Management Inc. increased its position in shares of K12 Inc (NYSE:LRN) by 363.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,255 shares of the company’s stock after acquiring an additional 56,655 shares during the period. Victory Capital Management Inc. owned about 0.18% of K12 worth $1,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in K12 by 167.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,188 shares of the company’s stock worth $129,000 after acquiring an additional 4,499 shares in the last quarter. SG Americas Securities LLC acquired a new position in K12 during the 2nd quarter worth about $131,000. Legal & General Group Plc lifted its stake in K12 by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 8,346 shares of the company’s stock worth $150,000 after acquiring an additional 298 shares in the last quarter. 1st Global Advisors Inc. acquired a new position in K12 during the 1st quarter worth about $223,000. Finally, UBS Asset Management Americas Inc. acquired a new position in K12 during the 1st quarter worth about $255,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on LRN shares. Zacks Investment Research lowered K12 from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded K12 from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, TheStreet downgraded K12 from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $18.67.

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In related news, CFO James Jeaho Rhyu sold 10,000 shares of K12 stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $18.00, for a total value of $180,000.00. Following the transaction, the chief financial officer now owns 255,624 shares in the company, valued at $4,601,232. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 60,000 shares of company stock worth $1,082,850 in the last quarter. 18.34% of the stock is owned by insiders.

Shares of K12 Inc (NYSE:LRN) opened at 17.97 on Thursday. The firm’s 50-day moving average price is $17.60 and its 200 day moving average price is $18.51. The stock has a market cap of $695.12 million, a P/E ratio of 1797.00 and a beta of -0.24. K12 Inc has a one year low of $10.17 and a one year high of $21.18.

K12 Profile

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 continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

Institutional Ownership by Quarter for K12 (NYSE:LRN)

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