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

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

A number of other brokerages have also recently weighed in on LRN. Zacks Investment Research cut K12 from a buy rating to a hold rating in a research note on Saturday, February 3rd. ValuEngine cut K12 from a hold rating to a sell rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. K12 has an average rating of Hold and a consensus price target of $20.00.

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NYSE:LRN opened at $13.72 on Thursday. The stock has a market cap of $536.74, a P/E ratio of 30.49, a PEG ratio of 1.36 and a beta of 0.03. K12 has a 52-week low of $12.72 and a 52-week high of $21.18. The company has a current ratio of 4.15, a quick ratio of 4.00 and a debt-to-equity ratio of 0.02.

K12 (NYSE:LRN) last released its earnings results on Thursday, January 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $217.20 million for the quarter, compared to analyst estimates of $220.92 million. K12 had a return on equity of 4.39% and a net margin of 0.89%. K12’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. sell-side analysts anticipate that K12 will post 0.63 earnings per share for the current fiscal year.

In related news, insider Nathaniel A. Davis sold 20,000 shares of K12 stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $18.08, for a total value of $361,600.00. Following the transaction, the insider now owns 353,874 shares of the company’s stock, valued at approximately $6,398,041.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Howard D. Polsky sold 6,099 shares of K12 stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $17.50, for a total value of $106,732.50. Following the completion of the transaction, the general counsel now directly owns 128,728 shares in the company, valued at approximately $2,252,740. The disclosure for this sale can be found here. Company insiders own 18.34% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Landscape Capital Management L.L.C. purchased a new position in K12 in the 4th quarter worth about $169,000. Wedge Capital Management L L P NC purchased a new position in K12 in the 4th quarter worth about $172,000. Teacher Retirement System of Texas purchased a new position in K12 in the 4th quarter worth about $190,000. Metropolitan Life Insurance Co. NY purchased a new position in K12 in the 4th quarter worth about $198,000. Finally, SG Americas Securities LLC boosted its position in K12 by 91.1% during the 3rd 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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