Nordea Investment Management AB Has $2.74 Million Stake in K12 Inc (LRN)

Nordea Investment Management AB grew its position in K12 Inc (NYSE:LRN) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,500 shares of the company’s stock after acquiring an additional 4,100 shares during the period. Nordea Investment Management AB owned about 0.37% of K12 worth $2,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRN. Dimensional Fund Advisors LP raised its stake in K12 by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,996,609 shares of the company’s stock worth $53,700,000 after purchasing an additional 227,364 shares in the last quarter. Numeric Investors LLC raised its stake in K12 by 18.4% in the 2nd quarter. Numeric Investors LLC now owns 1,207,595 shares of the company’s stock worth $21,640,000 after purchasing an additional 187,800 shares in the last quarter. Vanguard Group Inc. raised its stake in K12 by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 2,737,545 shares of the company’s stock worth $52,423,000 after purchasing an additional 175,099 shares in the last quarter. Martingale Asset Management L P raised its stake in K12 by 159.3% in the 2nd quarter. Martingale Asset Management L P now owns 183,644 shares of the company’s stock worth $3,291,000 after purchasing an additional 112,825 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in K12 by 12.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 939,687 shares of the company’s stock worth $16,839,000 after purchasing an additional 103,927 shares in the last quarter. 78.46% of the stock is owned by institutional investors.

K12 Inc (NYSE:LRN) traded up $0.02 on Tuesday, reaching $16.57. 13,488 shares of the company’s stock were exchanged, compared to its average volume of 199,073. K12 Inc has a 52-week low of $15.07 and a 52-week high of $21.18. The company has a quick ratio of 3.43, a current ratio of 3.57 and a debt-to-equity ratio of 0.03. The company has a market cap of $681.16, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.15 and a beta of -0.27.

K12 (NYSE:LRN) last posted its earnings results on Thursday, October 26th. The company reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.15. K12 had a net margin of 0.70% and a return on equity of 4.16%. The firm had revenue of $228.80 million for the quarter, compared to analyst estimates of $235.15 million. During the same period in the previous year, the firm posted ($0.36) EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. research analysts expect that K12 Inc will post 0.51 EPS for the current fiscal year.

In related news, CFO James Jeaho Rhyu sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $18.00, for a total transaction of $180,000.00. Following the transaction, the chief financial officer now owns 224,591 shares in the company, valued at approximately $4,042,638. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 40,000 shares of company stock worth $720,000 in the last quarter. 9.61% of the stock is owned by corporate insiders.

Several equities analysts have commented on LRN shares. BMO Capital Markets reissued a “buy” rating and issued a $21.00 target price on shares of K12 in a report on Wednesday, October 25th. Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Thursday, August 10th. Finally, TheStreet lowered shares of K12 from a “b-” rating to a “c+” rating in a report on Thursday, August 17th.

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About K12

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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