Oberweis Asset Management Inc. Acquires Shares of 63,468 K12 Inc. (LRN)

Oberweis Asset Management Inc. purchased a new position in shares of K12 Inc. (NYSE:LRN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 63,468 shares of the company’s stock, valued at approximately $1,573,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in K12 during the 4th quarter worth approximately $44,000. Group One Trading L.P. bought a new position in K12 during the 4th quarter worth approximately $56,000. Quantamental Technologies LLC bought a new position in K12 during the 4th quarter worth approximately $92,000. Advisor Group Inc. grew its position in shares of K12 by 3,128.7% in the 4th quarter. Advisor Group Inc. now owns 5,618 shares of the company’s stock worth $139,000 after buying an additional 5,444 shares during the last quarter. Finally, One Wealth Advisors LLC bought a new stake in shares of K12 in the 3rd quarter worth approximately $159,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

Shares of LRN stock traded up $0.46 during trading hours on Friday, reaching $34.08. The company’s stock had a trading volume of 131,898 shares, compared to its average volume of 385,504. The firm has a market cap of $1.36 billion, a P/E ratio of 50.12, a P/E/G ratio of 2.84 and a beta of 0.16. K12 Inc. has a one year low of $12.72 and a one year high of $33.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.38 and a current ratio of 3.50.

K12 (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 22nd. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $254.90 million for the quarter, compared to analyst estimates of $250.80 million. K12 had a return on equity of 6.40% and a net margin of 3.87%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. As a group, equities analysts predict that K12 Inc. will post 0.79 EPS for the current year.

In related news, Chairman Nathaniel A. Davis sold 100,000 shares of K12 stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $24.05, for a total transaction of $2,405,000.00. Following the sale, the chairman now directly owns 214,778 shares in the company, valued at $5,165,410.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin Chavous sold 4,000 shares of K12 stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $31.07, for a total value of $124,280.00. Following the sale, the insider now owns 85,221 shares in the company, valued at $2,647,816.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,300 shares of company stock worth $5,547,080. Corporate insiders own 7.00% of the company’s stock.

A number of brokerages have recently weighed in on LRN. Zacks Investment Research lowered K12 from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. ValuEngine upgraded K12 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. Sidoti began coverage on K12 in a research report on Wednesday, January 2nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective (up from $25.00) on shares of K12 in a research report on Wednesday, January 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $28.25.

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About K12

K12, Inc engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade.

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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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