Dynamic Technology Lab Private Ltd reduced its stake in shares of K12 Inc. (NYSE:LRN) by 54.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,786 shares of the company’s stock after selling 15,594 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in K12 were worth $209,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in K12 in the first quarter valued at approximately $143,000. SG Americas Securities LLC acquired a new stake in K12 in the first quarter valued at approximately $156,000. Jane Street Group LLC acquired a new stake in K12 in the first quarter valued at approximately $158,000. Quantitative Systematic Strategies LLC acquired a new stake in K12 in the second quarter valued at approximately $171,000. Finally, Quadrature Capital Ltd acquired a new stake in K12 in the first quarter valued at approximately $249,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

In other news, General Counsel Howard D. Polsky sold 2,091 shares of K12 stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $17.50, for a total value of $36,592.50. Following the transaction, the general counsel now owns 132,072 shares of the company’s stock, valued at $2,311,260. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Nathaniel A. Davis sold 81,649 shares of K12 stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $18.14, for a total transaction of $1,481,112.86. Following the completion of the transaction, the chairman now directly owns 478,712 shares in the company, valued at approximately $8,683,835.68. The disclosure for this sale can be found here. In the last three months, insiders sold 119,659 shares of company stock worth $2,160,568. Insiders own 9.61% of the company’s stock.

A number of analysts have issued reports on LRN shares. ValuEngine cut shares of K12 from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research cut shares of K12 from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. TheStreet upgraded shares of K12 from a “c+” rating to a “b-” rating in a research note on Monday, June 11th. Finally, Barrington Research reiterated a “buy” rating and issued a $22.00 target price on shares of K12 in a research note on Thursday, August 9th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.00.

NYSE LRN opened at $17.92 on Wednesday. The company has a quick ratio of 3.68, a current ratio of 3.95 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $694.90 million, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.00 and a beta of -0.09. K12 Inc. has a 12-month low of $12.72 and a 12-month high of $18.69.

K12 (NYSE:LRN) last posted its earnings results on Tuesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.10. K12 had a net margin of 3.01% and a return on equity of 4.72%. The firm had revenue of $238.87 million during the quarter, compared to analysts’ expectations of $229.78 million. analysts anticipate that K12 Inc. will post 0.59 EPS for the current fiscal year.

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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