K12 (NYSE:LRN) Rating Lowered to Sell at ValuEngine

K12 (NYSE:LRN) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday, ValuEngine reports.

A number of other equities research analysts also recently commented on the stock. TheStreet downgraded shares of K12 from a “b” rating to a “c+” rating in a research report on Tuesday, August 13th. William Blair began coverage on shares of K12 in a research report on Monday, August 12th. They issued an “outperform” rating on the stock. BMO Capital Markets dropped their price objective on shares of K12 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Zacks Investment Research downgraded shares of K12 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Barrington Research reissued a “buy” rating and issued a $40.00 price objective on shares of K12 in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. K12 has an average rating of “Buy” and a consensus price target of $33.25.

K12 stock opened at $25.70 on Thursday. The firm has a market cap of $1.03 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.79 and a beta of 0.14. K12 has a 52-week low of $16.19 and a 52-week high of $37.43. The company has a quick ratio of 3.21, a current ratio of 3.40 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $26.99 and its two-hundred day moving average is $30.35.

K12 (NYSE:LRN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. K12 had a net margin of 3.66% and a return on equity of 6.11%. The company had revenue of $256.31 million for the quarter, compared to the consensus estimate of $248.43 million. During the same period in the prior year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that K12 will post 0.95 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. USA Financial Portformulas Corp grew its position in shares of K12 by 8.2% in the 2nd quarter. USA Financial Portformulas Corp now owns 5,842 shares of the company’s stock valued at $199,000 after buying an additional 441 shares during the last quarter. First Trust Advisors LP grew its position in shares of K12 by 0.9% in the 1st quarter. First Trust Advisors LP now owns 68,385 shares of the company’s stock valued at $2,334,000 after buying an additional 578 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of K12 by 2.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 28,590 shares of the company’s stock valued at $869,000 after buying an additional 620 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of K12 by 56.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,140 shares of the company’s stock valued at $65,000 after buying an additional 775 shares during the last quarter. Finally, Alpha Windward LLC grew its position in shares of K12 by 5.4% in the 3rd quarter. Alpha Windward LLC now owns 15,300 shares of the company’s stock valued at $404,000 after buying an additional 780 shares during the last quarter. 87.93% of the stock is currently owned by hedge funds and other institutional investors.

K12 Company Profile

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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