Hot News: K12, Inc. (NYSE:LRN), Barnes & Noble, Inc. (NYSE:BKS), Media General Inc (NYSE:MEG), SolarCity Corporation (NASDAQ:SCTY), Marketo, Inc. (NASDAQ:MKTO)

Hot News: K12, Inc. (NYSE:LRN), Barnes & Noble, Inc. (NYSE:BKS), Media General Inc (NYSE:MEG), SolarCity Corporation (NASDAQ:SCTY), Marketo, Inc. (NASDAQ:MKTO)

K12, Inc. (NYSE:LRN) on Wednesday reported fiscal third-quarter earnings of $14.3 million. On a per-share basis, the Herndon, Virginia-based company said it had profit of 37 cents. The online education company posted revenue of $221.3 million in the period. K12 expects full-year revenue in the range of $205 million to $215 million.
K12, Inc. (NYSE:LRN)’s stock on 27 April traded at beginning with a price of $11.05 and when day-trade ended the stock finally increased 15.90% to end at $12.10. K12, Inc. (NYSE:LRN)’s showed weekly performance of 18.16%.

Barnes & Noble, Inc. (NYSE:BKS) Founder & Chairman, Leonard Riggio, said he will retire as chairman of the company following the annual shareholder meeting currently planned for September, and intends to remain on its board of directors. “I’ve done everything I have wanted to do in business and now it is time for me to pursue the many other endeavors related to my philanthropic and social interests,” Riggio said.
On Wednesday Barnes & Noble, Inc. (NYSE:BKS)’s shares closed at $12.36. Barnes & Noble, Inc. (NYSE:BKS) monthly performance stands at 0.53% while its year to date performance is 46.13%.

Media General Inc (NYSE:MEG) will report its first quarter 2016 earnings results before the market opens on May 6, 2016. The Company will host a conference call to discuss the earnings release that morning at 10:00 a.m. (ET). The conference call-in number is 1-888-218-8172 for U.S. callers and 1-913-312-0391 for international callers.
Media General Inc (NYSE:MEG) shares decreased -0.34% on last trading day to close the day at $17.35. Company price to sale ratio is 1.70 and has 0.90% insider ownership. Media General Inc (NYSE:MEG) belongs to Services sector.

SolarCity Corporation (NASDAQ:SCTY) announced that it will issue its first quarter 2016 earnings report after the market’s close on Monday, May 9, 2016. A conference call has been scheduled to discuss these results at 2:00 p.m. (Pacific Time).

On last trading day SolarCity Corporation (NASDAQ:SCTY) increased 0.94% to close at $33.31. SCTY is -5.00% away from its 52 week high and is moving 47.30% ahead of its 52 week low. SolarCity Corporation (NASDAQ:SCTY) return on investment (ROI) is -17.40% while return on equity (ROE) is -7.30%.

Marketo, Inc. (NASDAQ:MKTO) on Tuesday reported a loss of $18.4 million in its first quarter. The San Mateo, California-based company said it had a loss of 42 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 17 cents per share. The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 17 cents per share.
Marketo, Inc. (NASDAQ:MKTO) on Wednesday closed at $20.73. Stock institutional ownership is 96.00% while insider ownership includes 1.40%. Marketo, Inc. (NASDAQ:MKTO) distance from 50-day simple moving average (SMA50) is 13.13%.

K12 Inc (NYSE:LRN) Institutional Investors Quarterly Sentiment

Sentiment for K12 Inc (NYSE:LRN)

K12 Inc (NYSE:LRN) institutional sentiment decreased to 1.08 in 2015 Q3. Its down -0.12, from 1.2 in 2015Q2. The ratio is negative, as 73 investment professionals increased and started new positions, while 61 sold and reduced their stakes in K12 Inc. The investment professionals in our partner’s database now have: 29.54 million shares, down from 29.55 million shares in 2015Q2. Also, the number of investment professionals holding K12 Inc in their top 10 positions increased from 1 to 2 for an increase of 1. Sold All: 17 Reduced: 44 Increased: 51 New Position: 22.

K12 Inc. is a technology-based education company. The company has a market cap of $383.08 million. The Firm offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It has 339.36 P/E ratio. It provides a range of technology educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

The stock closed at $9.95 during the last session. It is down 22.57% since August 27, 2015 and is downtrending. It has underperformed by 26.52% the S&P500.

Analysts await K12 Inc. (NYSE:LRN) to reports earnings on April, 26. They expect $0.31 EPS, down 31.11% or $0.14 from last year’s $0.45 per share. LRN’s profit will be $11.94M for 8.02 P/E if the $0.31 EPS becomes reality. After $0.23 actual EPS reported by K12 Inc. for the previous quarter, Wall Street now forecasts 34.78% EPS growth.

According to Zacks Investment Research, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background.”

Technology Crossover Management Vii Ltd. holds 3.28% of its portfolio in K12 Inc. for 4.00 million shares. Kestrel Investment Management Corp owns 390,700 shares or 1.69% of their US portfolio. Moreover, Highland Capital Management Lp has 1.07% invested in the company for 2.94 million shares. The Pennsylvania-based Tfs Capital Llc has invested 0.61% in the stock. Globeflex Capital L P, a California-based fund reported 155,935 shares.#img1#

K12 Inc – Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter.

K12 Inc. – (NYSE:LRN)

A Reversal for K12 Inc. Is Not Near. The Stock Declines Again

The stock of K12 Inc. (NYSE:LRN) is a huge mover today! The stock decreased 3.00% or $0.3 on February 17, hitting $9.69. About 419,732 shares traded hands or 102.68% up from the average. K12 Inc. (NYSE:LRN) has declined 27.61% since July 13, 2015 and is downtrending. It has underperformed by 17.89% the S&P500.
The move comes after 5 months negative chart setup for the $385.28M company. It was reported on Feb, 17 by Barchart.com. We have $8.53 PT which if reached, will make NYSE:LRN worth $46.23 million less.

Analysts await K12 Inc. (NYSE:LRN) to reports earnings on April, 26. They expect $0.31 earnings per share, down 31.11% or $0.14 from last year’s $0.45 per share. LRN’s profit will be $12.33 million for 7.81 P/E if the $0.31 EPS becomes reality. After $0.23 actual earnings per share reported by K12 Inc. for the previous quarter, Wall Street now forecasts 34.78% EPS growth.

According to Zacks Investment Research, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background.”

The institutional sentiment increased to 1.2 in 2015 Q3. Its up 0.05, from 1.15 in 2015Q2. The ratio increased, as 17 funds sold all K12 Inc. shares owned while 44 reduced positions. 22 funds bought stakes while 51 increased positions. They now own 29.54 million shares or 0.02% less from 29.55 million shares in 2015Q2.

Technology Crossover Management Vii Ltd. holds 3.28% of its portfolio in K12 Inc. for 4.00 million shares. Kestrel Investment Management Corp owns 390,700 shares or 1.69% of their US portfolio. Moreover, Highland Capital Management Lp has 1.07% invested in the company for 2.94 million shares. The Pennsylvania-based Tfs Capital Llc has invested 0.61% in the stock. Globeflex Capital L P, a California-based fund reported 155,935 shares.

K12 Inc. – Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter.

K12 Inc. – (NYSE:LRN)

K12 Inc. (LRN) Shares Bought by Acadian Asset Management

Acadian 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.

Separately, Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $14.00 target price for the company 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).

Receive News & Ratings for K12 Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for K12 Inc. and related companies with MarketBeat’s FREE daily email newsletter.


 Comment on this Post

Click here to cancel reply.

Name (required)

Mail (will not be published) (required)

Website

K12 Inc. Reports Profitable Second Quarter of $12.3M

Image via K12

Herndon, Virginia-based K12 Inc. held its second quarter earnings conference call Thursday morning, reporting a profitable quarter after suffering a loss in the same period a year ago.

The edtech company provided proprietary curriculum, software systems and educational services to support individualized learning for students in pre-K through high school. The company had quarterly net income of $12.3 million, or 33 cents per share. At the same time a year ago K12 lost $3.7 million, or nine cents per share.

Fiscal second quarter revenue reached $231.3 million, according to K12, which is up from $223.9 million in the second quarter of FY 2014.

K12 stocks went up after the earnings release, which is likely because the results exceeded Wall Street expectations. Zacks Investment Research predicted that the average estimate for earnings would be 29 cents per share and that revenue would come in at $229.8 million. That said, its stock lost more than 40 percent of its value over the course of the last year.

Still, the second quarter earnings report was a promising one. Total enrollment increased by 0.9 percent and revenue was up 3.2 percent. K12 expects full-year revenue to come in between $230 million to $240 million.

“The academic progress of our students and successes of our managed public schools continue to drive K12 forward,” said Chairman and CEO Nate Davis. “After years of focused investment coupled with an unrivaled commitment to putting students first, we are beginning to see improvement in student proficiency on State academic assessments. The K12 team remains passionate about supporting students, teachers and our partner schools to continue this trend toward academic excellence.”

Take a look at the full results for the second financial quarter that ended December 31, 2014 here.

K12 (LRN): Moving Average Crossover Alert – Tale of the Tape – NASDAQ.com

K12 (LRN): Moving Average Crossover Alert – Tale of the Tape

K12 Inc. (LRN)could be a stock to avoid from a technical perspective, as the firmis seeing unfavorable trends on the moving average crossover front.Recently, the 50 Day Moving Average for LRN broke out below the 200Day Simple Moving Average, suggesting short-term bearishness.



This has already started to take place, as the stock has movedlower by 18.6% in the past four weeks. And with the recent movingaverage crossover, investors have to think that more unfavorabletrading is ahead for LRN stock.



If that wasn't enough, K12 isn't looking too great from an earningsestimate revision perspective either. It appears as though manyanalysts have been reducing their earnings expectations for thestock lately, which is usually not a good sign of things to come.



Consider that in the last 30 days, 6 estimates have been reduced,while none have moved higher. Add this in to a similar move lowerin the consensus estimate, and there is plenty of reason to bebearish here.



That is why we currently have a Zacks Rank #4 (Sell) on this stockand are looking for it to underperform in the weeks ahead. Soeither avoid this stock or consider jumping ship until theestimates and technical factors turn around for LRN.



Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report



K12 INC (LRN): Free Stock Analysis Report



To read this article on Zacks.com click here.



Zacks InvestmentResearch