K12 (NYSE:LRN) Trading 5.2% Higher

Shares of K12 Inc. (NYSE:LRN) traded up 5.2% on Thursday . The stock traded as high as $29.27 and last traded at $28.71, 657,573 shares were traded during trading. An increase of 110% from the average session volume of 313,844 shares. The stock had previously closed at $27.28.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded K12 from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday. Barrington Research reissued a “buy” rating and issued a $40.00 price objective on shares of K12 in a report on Thursday, June 13th. BMO Capital Markets dropped their price objective on K12 to $33.00 and set an “outperform” rating on the stock in a report on Thursday. ValuEngine lowered K12 from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Sidoti raised K12 from a “neutral” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. K12 currently has a consensus rating of “Buy” and an average price target of $33.25.

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.51 and a quick ratio of 3.39. The stock’s fifty day moving average is $30.10. The firm has a market capitalization of $1.10 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.06.

K12 (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. K12 had a return on equity of 6.19% and a net margin of 3.66%. The company had revenue of $256.31 million for the quarter, compared to analyst estimates of $248.43 million. During the same period last year, the company earned $0.23 earnings per share. K12’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that K12 Inc. will post 0.91 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in K12 by 0.9% in the first quarter. First Trust Advisors LP now owns 68,385 shares of the company’s stock valued at $2,334,000 after purchasing an additional 578 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of K12 by 2.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 28,590 shares of the company’s stock worth $869,000 after acquiring an additional 620 shares during the last quarter. Investors Research Corp acquired a new stake in shares of K12 in the first quarter worth approximately $27,000. Financial Gravity Wealth Inc. acquired a new stake in shares of K12 in the second quarter worth approximately $28,000. Finally, 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 worth $168,000 after acquiring an additional 1,005 shares during the last quarter. 86.56% of the stock is currently owned by 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.

Further Reading: What are no-load funds?

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.