361 Capital LLC Invests $3.05 Million in K12 Inc. (LRN)

361 Capital LLC purchased a new stake in K12 Inc. (NYSE:LRN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,439 shares of the company’s stock, valued at approximately $3,053,000.

Several other institutional investors have also bought and sold shares of the stock. One Wealth Advisors LLC boosted its stake in shares of K12 by 7.5% in the fourth quarter. One Wealth Advisors LLC now owns 9,631 shares of the company’s stock valued at $239,000 after buying an additional 676 shares in the last quarter. Investors Research Corp purchased a new stake in shares of K12 in the first quarter valued at approximately $27,000. Legal & General Group Plc boosted its stake in shares of K12 by 17.4% in the fourth quarter. Legal & General Group Plc now owns 6,774 shares of the company’s stock valued at $168,000 after buying an additional 1,005 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of K12 in the fourth quarter valued at approximately $44,000. Finally, Citigroup Inc. boosted its position in K12 by 16.5% during the fourth quarter. Citigroup Inc. now owns 13,679 shares of the company’s stock worth $339,000 after purchasing an additional 1,938 shares in the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

LRN opened at $31.78 on Friday. The company has a current ratio of 3.51, a quick ratio of 3.39 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 46.74, a PEG ratio of 2.57 and a beta of 0.10. K12 Inc. has a one year low of $15.72 and a one year high of $37.43.

K12 (NYSE:LRN) last posted its earnings results on Tuesday, April 23rd. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The company had revenue of $253.25 million for the quarter, compared to the consensus estimate of $252.49 million. K12 had a return on equity of 7.23% and a net margin of 4.33%. K12’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. On average, equities analysts anticipate that K12 Inc. will post 0.84 earnings per share for the current year.

A number of analysts have commented on LRN shares. Zacks Investment Research upgraded K12 from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Friday, January 25th. Barrington Research reiterated a “buy” rating and set a $40.00 target price (up from $30.00) on shares of K12 in a research report on Friday, April 12th. Finally, ValuEngine upgraded K12 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. K12 has a consensus rating of “Buy” and an average target price of $31.50.

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K12 Profile

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: Balance Sheet

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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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