K12 Inc (LRN) Holdings Cut by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in K12 Inc (NYSE:LRN) by 9.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,381 shares of the company’s stock after selling 6,200 shares during the period. California State Teachers Retirement System owned 0.15% of K12 worth $1,082,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Gotham Asset Management LLC bought a new stake in shares of K12 during the 2nd quarter valued at about $359,000. Vanguard Group Inc. boosted its stake in shares of K12 by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,787,709 shares of the company’s stock valued at $49,955,000 after purchasing an additional 50,164 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of K12 by 19.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 323,207 shares of the company’s stock valued at $5,792,000 after purchasing an additional 52,969 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of K12 during the 2nd quarter valued at about $1,444,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of K12 by 33.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 321,890 shares of the company’s stock valued at $5,768,000 after purchasing an additional 81,157 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO James Jeaho Rhyu sold 15,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the sale, the chief financial officer now owns 204,591 shares of the company’s stock, valued at $3,682,638. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 50,000 shares of company stock worth $900,000 in the last three months. 18.34% of the stock is currently owned by insiders.

Shares of K12 Inc (LRN) opened at $15.95 on Friday. K12 Inc has a 52 week low of $13.98 and a 52 week high of $21.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.43 and a current ratio of 3.57. The company has a market cap of $659.26, a PE ratio of 26.58, a P/E/G ratio of 2.08 and a beta of -0.26.

K12 (NYSE:LRN) last posted its quarterly earnings data on Thursday, October 26th. The company reported ($0.21) EPS for the quarter, topping the 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 business had revenue of $228.80 million for the quarter, compared to analyst estimates of $235.15 million. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. K12’s quarterly revenue was down .1% on a year-over-year basis. analysts expect that K12 Inc will post 0.51 EPS for the current fiscal year.

LRN has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $21.00 target price on shares of K12 in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of K12 from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, TheStreet lowered shares of K12 from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th.

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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.

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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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