AlphaMark Advisors LLC Has $1,087,000 Stake in K12 Inc. (LRN)
AlphaMark Advisors LLC raised its position in K12 Inc
. (NYSE:LRN) by 208.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,547 shares
of the company’s stock
after buying an additional 83,547 shares
during the period. AlphaMark Advisors LLC owned approximately 0.33% of K12 worth $1,087,000 at the end of the most recent quarter
Several other hedge funds have also recently bought and sold shares of the company. Simplex Trading raised its stake in K12 by 1,900.0% in the fourth quarter. Simplex Trading now owns 20 shares of the company’s stock valued at $0 after buying an additional 19 shares in the last quarter. California State Teachers Retirement System raised its stake in K12 by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 62,600 shares of the company’s stock valued at $551,000 after buying an additional 1,122 shares in the last quarter. Strs Ohio raised its stake in K12 by 33.1% in the fourth quarter. Strs Ohio now owns 70,400 shares of the company’s stock valued at $619,000 after buying an additional 17,500 shares in the last quarter. ClariVest Asset Management LLC raised its stake in K12 by 4.6% in the fourth quarter. ClariVest Asset Management LLC now owns 125,500 shares of the company’s stock valued at $1,105,000 after buying an additional 5,500 shares in the last quarter. Finally, Acadian Asset Management raised its stake in K12 by 1.4% in the fourth quarter. Acadian Asset Management now owns 813,788 shares of the company’s stock valued at $7,160,000 after buying an additional 11,120 shares in the last quarter.
Shares of K12 Inc. (NYSE:LRN) opened at 10.20 on Wednesday. The company’s 50 day moving average is $8.55 and its 200 day moving average is $11.31. The firm has a market cap of $381.12 million and a price-to-earnings ratio of 329.03. K12 Inc. has a 52-week low of $7.11 and a 52-week high of $17.71.
K12 (NYSE:LRN) last announced its quarterly earnings data on Thursday, January 28th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The company earned $208.80 million during the quarter, compared to the consensus estimate of $211.54 million. The business’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. Analysts anticipate that K12 Inc. will post $0.34 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of K12 from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Thursday, October 22nd.
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). It provides a range of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families. The Company offers a set of products and services primarily to three lines of business, which include public school programs, which consists of managed programs and non-managed programs, Institutional Sales, which includes educational products and services sold to school districts, public schools and other educational institutions that it does not manage and international and private pay schools, which consists of private schools. The Company offers a range of learning applications, which include mobile learning, interactive games, virtual labs, e-book and digital book distribution.
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