K12’s (LRN) Buy Rating Reiterated at Barrington Research

Barrington Research reiterated their buy rating on shares of K12 (NYSE:LRN) in a research report report published on Thursday. Barrington Research currently has a $22.00 price target on the stock.

A number of other research analysts have also commented on the company. Zacks Investment Research lowered K12 from a buy rating to a hold rating in a report on Wednesday, April 4th. ValuEngine lowered K12 from a hold rating to a sell rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. K12 has an average rating of Hold and an average target price of $20.00.

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LRN stock opened at $13.72 on Thursday. The company has a current ratio of 4.15, a quick ratio of 4.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $536.74, a price-to-earnings ratio of 30.49, a P/E/G ratio of 1.36 and a beta of 0.03. K12 has a 1 year low of $12.72 and a 1 year high of $21.18.

K12 (NYSE:LRN) last posted its earnings results on Thursday, January 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $217.20 million for the quarter, compared to analysts’ expectations of $220.92 million. K12 had a return on equity of 4.39% and a net margin of 0.89%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. analysts predict that K12 will post 0.63 EPS for the current year.

In other news, insider Nathaniel A. Davis sold 20,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $18.08, for a total transaction of $361,600.00. Following the transaction, the insider now directly owns 353,874 shares of the company’s stock, valued at $6,398,041.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Howard D. Polsky sold 6,099 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $17.50, for a total value of $106,732.50. Following the transaction, the general counsel now directly owns 128,728 shares in the company, valued at $2,252,740. The disclosure for this sale can be found here. 18.34% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in LRN. Landscape Capital Management L.L.C. acquired a new position in K12 during the fourth quarter worth about $169,000. Wedge Capital Management L L P NC acquired a new position in K12 during the fourth quarter worth about $172,000. Teacher Retirement System of Texas acquired a new position in K12 during the fourth quarter worth about $190,000. Metropolitan Life Insurance Co. NY acquired a new position in K12 during the fourth quarter worth about $198,000. Finally, SG Americas Securities LLC grew its holdings in K12 by 91.1% during the third quarter. SG Americas Securities LLC now owns 14,007 shares of the company’s stock worth $250,000 after acquiring an additional 6,678 shares during the period. 81.65% of the stock is currently owned by hedge funds and other institutional investors.

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K12 Company 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. It manages virtual and blended public schools.

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