American Century Companies Inc. Grows Holdings in K12 Inc (LRN)

American Century Companies Inc. boosted its holdings in K12 Inc (NYSE:LRN) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,662 shares of the company’s stock after purchasing an additional 5,024 shares during the quarter. American Century Companies Inc. owned approximately 0.27% of K12 worth $1,929,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of K12 by 167.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,188 shares of the company’s stock valued at $129,000 after acquiring an additional 4,499 shares during the period. SG Americas Securities LLC acquired a new position in shares of K12 during the second quarter valued at $131,000. Legal & General Group Plc boosted its holdings in shares of K12 by 3.7% during the second quarter. Legal & General Group Plc now owns 8,346 shares of the company’s stock valued at $150,000 after acquiring an additional 298 shares during the period. 1st Global Advisors Inc. acquired a new position in shares of K12 during the first quarter valued at $223,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of K12 during the first quarter valued at $255,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

In other K12 news, CFO James Jeaho Rhyu sold 10,000 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $18.00, for a total transaction of $180,000.00. Following the completion of the transaction, the chief financial officer now directly owns 255,624 shares in the company, valued at $4,601,232. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 60,000 shares of company stock valued at $1,082,850 over the last quarter. Corporate insiders own 18.34% of the company’s stock.

K12 Inc (LRN) opened at 17.90 on Friday. K12 Inc has a one year low of $10.17 and a one year high of $21.18. The stock’s 50 day moving average is $17.59 and its 200 day moving average is $18.51. The firm has a market cap of $692.41 million, a P/E ratio of 1790.00 and a beta of -0.24.

LRN has been the subject of several analyst reports. Zacks Investment Research raised shares of K12 from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Thursday, June 29th. BidaskClub downgraded shares of K12 from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, TheStreet downgraded shares of K12 from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.67.

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K12 Profile

K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

Institutional Ownership by Quarter for K12 (NYSE:LRN)

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