K12 Inc. (LRN) Shares Bought by Acadian Asset ManagementAcadian Asset Management increased its position in shares of K12 Inc. (NYSE:LRN) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 813,788 shares of the company’s stock after buying an additional 11,120 shares during the period. Acadian Asset Management’s holdings in K12 were worth $7,160,000 as of its most recent SEC filing.
K12 Inc. (NYSE:LRN) traded up 4.26% during mid-day trading on Friday, reaching $9.80. 145,984 shares of the company’s stock traded hands. K12 Inc. has a 1-year low of $7.11 and a 1-year high of $17.71. The stock has a market cap of $366.18 million and a P/E ratio of 316.13. The firm has a 50-day moving average price of $8.66 and a 200-day moving average price of $11.12.
K12 (NYSE:LRN) last issued its earnings results on Thursday, January 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. During the same period last year, the business posted $0.33 EPS. The business earned $208.80 million during the quarter, compared to the consensus estimate of $211.54 million. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that K12 Inc. will post $0.34 EPS for the current fiscal year.
K12 Inc (NYSE:LRN) 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).
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