American International Group Inc. Reduces Stock Position in K12 Inc. (NYSE:LRN)

American International Group Inc. lessened its stake in K12 Inc. (NYSE:LRN) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 23,843 shares of the company’s stock after selling 774 shares during the period. American International Group Inc. owned about 0.06% of K12 worth $814,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LRN. Bank of New York Mellon Corp lifted its stake in K12 by 130.4% during the third quarter. Bank of New York Mellon Corp now owns 405,095 shares of the company’s stock worth $7,171,000 after purchasing an additional 229,295 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of K12 by 56.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,088,027 shares of the company’s stock worth $19,257,000 after acquiring an additional 390,417 shares during the period. Bank of Montreal Can lifted its stake in shares of K12 by 4,820.2% in the 4th quarter. Bank of Montreal Can now owns 12,448 shares of the company’s stock worth $308,000 after acquiring an additional 12,195 shares during the period. Rhumbline Advisers lifted its stake in shares of K12 by 41.2% in the 4th quarter. Rhumbline Advisers now owns 55,266 shares of the company’s stock worth $1,370,000 after acquiring an additional 16,129 shares during the period. Finally, Bailard Inc. acquired a new stake in shares of K12 in the 4th quarter worth approximately $588,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Several analysts recently commented on the stock. Barrington Research reissued a “buy” rating and set a $40.00 target price on shares of K12 in a research note on Thursday, June 13th. Zacks Investment Research downgraded shares of K12 from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $31.50.

NYSE LRN traded down $0.43 during trading on Monday, hitting $29.98. 247,000 shares of the company’s stock were exchanged, compared to its average volume of 329,875. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.39 and a current ratio of 3.51. The stock has a market capitalization of $1.22 billion, a P/E ratio of 44.09, a PEG ratio of 2.41 and a beta of 0.07. K12 Inc. has a fifty-two week low of $16.07 and a fifty-two week high of $37.43. The firm’s 50 day moving average price is $31.08.

K12 (NYSE:LRN) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. K12 had a return on equity of 7.23% and a net margin of 4.33%. The company had revenue of $253.25 million during the quarter, compared to analyst estimates of $252.49 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that K12 Inc. will post 0.84 earnings per share for the current year.

K12 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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Institutional Ownership by Quarter for K12 (NYSE:LRN)

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