Dimensional Fund Advisors LP Has $85.15 Million Stake in K12 Inc. (LRN)

Dimensional Fund Advisors LP cut its stake in shares of K12 Inc. (NYSE:LRN) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,434,707 shares of the company’s stock after selling 21,367 shares during the quarter. Dimensional Fund Advisors LP owned about 0.09% of K12 worth $85,146,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in shares of K12 during the fourth quarter valued at $44,000. Group One Trading L.P. purchased a new stake in shares of K12 during the fourth quarter valued at $56,000. Quantamental Technologies LLC purchased a new stake in shares of K12 during the fourth quarter valued at $92,000. Advisor Group Inc. boosted its position in shares of K12 by 3,128.7% during the fourth quarter. Advisor Group Inc. now owns 5,618 shares of the company’s stock valued at $139,000 after buying an additional 5,444 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of K12 during the fourth quarter valued at $227,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research raised K12 from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research report on Friday, April 26th. Barrington Research reaffirmed a “buy” rating and set a $40.00 price objective (up from $30.00) on shares of K12 in a research report on Friday, April 12th. Finally, ValuEngine raised K12 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.50.

Shares of NYSE:LRN opened at $31.78 on Monday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 46.74, a PEG ratio of 2.52 and a beta of 0.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.51. K12 Inc. has a 52-week low of $15.72 and a 52-week high of $37.43.

K12 (NYSE:LRN) last announced its earnings results on Tuesday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.07. The business had revenue of $253.25 million for the quarter, compared to analysts’ expectations of $252.49 million. K12 had a return on equity of 7.23% and a net margin of 4.33%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. As a group, equities analysts anticipate that K12 Inc. will post 0.84 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Dimensional Fund Advisors LP Has $85.15 Million Stake in K12 Inc. (LRN)” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://sportsperspectives.com/2019/05/20/dimensional-fund-advisors-lp-has-85-15-million-stake-in-k12-inc-lrn.html.

About K12

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.

Read More: Market Capitalization and Individual Investors

Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for K12 Inc. (NYSE:LRN).

Institutional Ownership by Quarter for K12 (NYSE:LRN)

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