K12 Inc. (NYSE:LRN) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in shares of K12 Inc. (NYSE:LRN) by 616.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,088 shares of the company’s stock after purchasing an additional 36,214 shares during the quarter. GSA Capital Partners LLP owned 0.10% of K12 worth $1,280,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in K12 by 17.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,237,894 shares of the company’s stock valued at $42,249,000 after acquiring an additional 180,672 shares in the last quarter. Janus Henderson Group PLC grew its position in K12 by 7.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,000,876 shares of the company’s stock valued at $30,437,000 after acquiring an additional 69,648 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in K12 by 12.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 381,918 shares of the company’s stock valued at $13,035,000 after acquiring an additional 42,140 shares in the last quarter. Federated Investors Inc. PA grew its position in K12 by 30.0% in the 1st quarter. Federated Investors Inc. PA now owns 298,081 shares of the company’s stock valued at $10,174,000 after acquiring an additional 68,743 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in K12 by 21.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 279,878 shares of the company’s stock valued at $9,536,000 after acquiring an additional 49,364 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Shares of LRN traded down $0.91 during midday trading on Friday, hitting $27.56. The company had a trading volume of 269,209 shares, compared to its average volume of 324,832. The company’s 50-day simple moving average is $29.69 and its 200-day simple moving average is $31.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.21 and a current ratio of 3.40. The firm has a market capitalization of $1.15 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.99 and a beta of 0.06. K12 Inc. has a 1 year low of $16.12 and a 1 year high of $37.43.

K12 (NYSE:LRN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The business had revenue of $256.31 million during the quarter, compared to analysts’ expectations of $248.43 million. K12 had a return on equity of 6.11% and a net margin of 3.66%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. Equities analysts predict that K12 Inc. will post 0.95 earnings per share for the current fiscal year.

Several equities analysts have weighed in on LRN shares. Sidoti raised K12 from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 7th. BMO Capital Markets dropped their target price on K12 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. William Blair started coverage on K12 in a research report on Monday, August 12th. They issued an “outperform” rating for the company. Barrington Research reaffirmed a “buy” rating and issued a $40.00 target price on shares of K12 in a research report on Thursday, June 13th. Finally, Zacks Investment Research raised K12 from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. K12 presently has an average rating of “Buy” and a consensus price target of $33.25.

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.

Further Reading: What is a Real Estate Investment Trust (REIT)?

Institutional Ownership by Quarter for K12 (NYSE:LRN)

Receive News & Ratings for K12 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K12 and related companies with MarketBeat.com's FREE daily email newsletter.