Russell Investments Group Ltd. raised its position in shares of K12 Inc (NYSE:LRN) by 33.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,890 shares of the company’s stock after buying an additional 81,157 shares during the period. Russell Investments Group Ltd. owned approximately 0.79% of K12 worth $5,768,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LRN. Dimensional Fund Advisors LP raised its position in shares of K12 by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,769,245 shares of the company’s stock worth $53,030,000 after buying an additional 300,885 shares during the last quarter. Vanguard Group Inc. raised its position in shares of K12 by 6.8% in the first quarter. Vanguard Group Inc. now owns 2,737,545 shares of the company’s stock worth $52,423,000 after buying an additional 175,099 shares during the last quarter. AQR Capital Management LLC raised its position in shares of K12 by 34.5% in the first quarter. AQR Capital Management LLC now owns 653,096 shares of the company’s stock worth $12,507,000 after buying an additional 167,442 shares during the last quarter. Geode Capital Management LLC raised its position in shares of K12 by 10.1% in the first quarter. Geode Capital Management LLC now owns 486,433 shares of the company’s stock worth $9,314,000 after buying an additional 44,501 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of K12 by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 473,384 shares of the company’s stock worth $9,066,000 after buying an additional 12,894 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Shares of K12 Inc (NYSE:LRN) traded up 0.29% during midday trading on Tuesday, hitting $17.34. The stock had a trading volume of 53,317 shares. The firm has a 50-day moving average of $17.83 and a 200 day moving average of $18.60. K12 Inc has a 12-month low of $10.17 and a 12-month high of $21.18. The firm has a market cap of $670.75 million, a PE ratio of 1734.00 and a beta of -0.20.

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A number of equities analysts have issued reports on LRN shares. Zacks Investment Research raised K12 from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, August 10th. TheStreet lowered K12 from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. BMO Capital Markets reaffirmed a “buy” rating on shares of K12 in a research report on Friday, April 28th. Finally, BidaskClub lowered K12 from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. K12 has a consensus rating of “Buy” and an average target price of $18.67.

In related news, CFO James Jeaho Rhyu sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $18.79, for a total transaction of $93,950.00. Following the completion of the transaction, the chief financial officer now owns 280,624 shares in the company, valued at approximately $5,272,924.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Allison Cleveland sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.66, for a total value of $104,496.00. Following the transaction, the executive vice president now owns 99,916 shares of the company’s stock, valued at approximately $1,864,432.56. The disclosure for this sale can be found here. Insiders have sold a total of 55,600 shares of company stock valued at $1,014,046 in the last 90 days. 18.34% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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