Shares of K12 Inc. (NYSE:LRN) traded up 5% during mid-day trading on Friday . The company traded as high as $22.24 and last traded at $21.79. 611,632 shares changed hands during mid-day trading, an increase of 193% from the average session volume of 208,722 shares. The stock had previously closed at $20.75.

A number of analysts have recently issued reports on the company. ValuEngine upgraded K12 from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded K12 from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Saturday. Barrington Research restated a “buy” rating and issued a $22.00 target price on shares of K12 in a report on Thursday, August 9th. Finally, BMO Capital Markets increased their target price on K12 from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. K12 currently has an average rating of “Buy” and an average target price of $23.33.

The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 3.06. The company has a market capitalization of $875.83 million, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 1.91 and a beta of -0.04.

K12 (NYSE:LRN) last posted its quarterly earnings results on Tuesday, October 23rd. The company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. K12 had a net margin of 2.91% and a return on equity of 4.67%. The business had revenue of $251.30 million for the quarter, compared to the consensus estimate of $226.82 million. During the same period in the prior year, the business posted ($0.21) earnings per share. K12’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts predict that K12 Inc. will post 0.76 EPS for the current fiscal year.

In other K12 news, Chairman Nathaniel A. Davis sold 81,649 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $18.14, for a total transaction of $1,481,112.86. Following the transaction, the chairman now directly owns 478,712 shares of the company’s stock, valued at $8,683,835.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Nathaniel A. Davis sold 60,000 shares of the stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $20.71, for a total transaction of $1,242,600.00. Following the transaction, the chairman now directly owns 414,778 shares in the company, valued at $8,590,052.38. The disclosure for this sale can be found here. Insiders sold 145,310 shares of company stock worth $2,788,565 over the last ninety days. 18.34% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in K12 by 5.0% during the second quarter. BlackRock Inc. now owns 2,622,835 shares of the company’s stock worth $42,937,000 after buying an additional 125,028 shares during the last quarter. Renaissance Technologies LLC increased its position in K12 by 3.2% during the second quarter. Renaissance Technologies LLC now owns 1,576,300 shares of the company’s stock worth $25,804,000 after buying an additional 48,500 shares during the last quarter. Janus Henderson Group PLC increased its position in K12 by 0.3% during the second quarter. Janus Henderson Group PLC now owns 1,220,693 shares of the company’s stock worth $19,983,000 after buying an additional 3,180 shares during the last quarter. Acadian Asset Management LLC increased its position in K12 by 14.7% during the second quarter. Acadian Asset Management LLC now owns 1,123,433 shares of the company’s stock worth $18,390,000 after buying an additional 143,690 shares during the last quarter. Finally, Royce & Associates LP increased its position in K12 by 2.3% during the second quarter. Royce & Associates LP now owns 646,706 shares of the company’s stock worth $10,587,000 after buying an additional 14,416 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

K12 Company Profile (NYSE:LRN)

K12 Inc, a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.

See Also: Liquidity

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