Ibex Investors LLC purchased a new position in shares of K12 Inc. (NYSE:LRN) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,655 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors have also recently modified their holdings of the company. Citadel Advisors LLC lifted its holdings in shares of K12 by 154.7% during the 2nd quarter. Citadel Advisors LLC now owns 180,668 shares of the company’s stock worth $2,957,000 after acquiring an additional 109,735 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of K12 by 119.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 23,798 shares of the company’s stock worth $390,000 after acquiring an additional 12,975 shares during the period. First Quadrant L P CA bought a new stake in shares of K12 during the 3rd quarter worth approximately $287,000. Strs Ohio lifted its holdings in shares of K12 by 17.5% during the 2nd quarter. Strs Ohio now owns 50,300 shares of the company’s stock worth $823,000 after acquiring an additional 7,500 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of K12 by 27.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 550,449 shares of the company’s stock worth $9,011,000 after acquiring an additional 119,495 shares during the period. 81.84% of the stock is owned by institutional investors.

LRN has been the subject of a number of recent analyst reports. Barrington Research reaffirmed a “buy” rating and set a $22.00 price target on shares of K12 in a report on Friday, October 5th. ValuEngine downgraded shares of K12 from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. BMO Capital Markets upped their price target on shares of K12 from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of K12 from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Saturday, October 27th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. K12 currently has a consensus rating of “Buy” and a consensus target price of $23.33.

Shares of K12 stock opened at $22.99 on Friday. K12 Inc. has a 1-year low of $12.72 and a 1-year high of $24.67. The company has a quick ratio of 2.95, a current ratio of 3.06 and a debt-to-equity ratio of 0.04. The company has a market cap of $939.32 million, a PE ratio of 33.81, a PEG ratio of 2.05 and a beta of -0.10.

K12 (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 23rd. The company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. The company had revenue of $251.30 million during the quarter, compared to the consensus estimate of $226.82 million. K12 had a net margin of 2.91% and a return on equity of 4.67%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.21) EPS. On average, research analysts forecast that K12 Inc. will post 0.76 earnings per share for the current year.

In related news, Chairman Nathaniel A. Davis sold 60,000 shares of the stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $20.71, for a total value of $1,242,600.00. Following the completion of the transaction, the chairman now owns 414,778 shares of the company’s stock, valued at approximately $8,590,052.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Nathaniel A. Davis sold 1,570 shares of the stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $18.00, for a total transaction of $28,260.00. Following the completion of the transaction, the chairman now directly owns 479,979 shares of the company’s stock, valued at approximately $8,639,622. The disclosure for this sale can be found here. In the last three months, insiders sold 68,570 shares of company stock valued at $1,424,790. 7.00% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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