K12 (NYSE:LRN) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.

LRN has been the topic of several other research reports. BMO Capital Markets cut their target price on K12 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. ValuEngine downgraded K12 from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised K12 from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, August 9th. Barrington Research reissued a “buy” rating and issued a $40.00 price objective on shares of K12 in a research note on Thursday, June 13th. Finally, Sidoti upgraded K12 from a “neutral” rating to a “buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $33.25.

LRN traded up $0.80 on Tuesday, hitting $28.76. The company had a trading volume of 13,041 shares, compared to its average volume of 291,267. The company has a fifty day simple moving average of $30.02. K12 has a 12-month low of $16.12 and a 12-month high of $37.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.40 and a quick ratio of 3.21. The stock has a market cap of $1.15 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.03 and a beta of 0.06.

K12 (NYSE:LRN) last posted its earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. K12 had a return on equity of 6.11% and a net margin of 3.66%. The company had revenue of $256.31 million for the quarter, compared to analyst estimates of $248.43 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that K12 will post 0.94 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nuveen Asset Management LLC acquired a new stake in K12 during the second quarter worth about $23,733,000. JPMorgan Chase & Co. increased its holdings in shares of K12 by 15.5% in the second quarter. JPMorgan Chase & Co. now owns 1,430,242 shares of the company’s stock valued at $42,207,000 after purchasing an additional 192,348 shares in the last quarter. Bank of America Corp DE grew its holdings in K12 by 582.7% during the 2nd quarter. Bank of America Corp DE now owns 222,871 shares of the company’s stock worth $6,778,000 after acquiring an additional 190,225 shares during the period. AQR Capital Management LLC grew its holdings in K12 by 35.7% during the 2nd quarter. AQR Capital Management LLC now owns 511,972 shares of the company’s stock worth $15,569,000 after acquiring an additional 134,627 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of K12 by 169.5% in the 2nd quarter. First Trust Advisors LP now owns 184,272 shares of the company’s stock valued at $5,604,000 after buying an additional 115,887 shares during the period. Hedge funds and other institutional investors own 87.33% of the company’s stock.

About K12

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. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.

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