K12 Inc. (NYSE:LRN) Sees Large Increase in Short Interest

K12 Inc. (NYSE:LRN) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,077,900 shares, an increase of 8.3% from the April 30th total of 995,200 shares. Based on an average daily volume of 293,800 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.8% of the shares of the stock are short sold.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday. Barrington Research set a $26.00 target price on shares of NIC and gave the stock a “buy” rating in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $31.25.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Investors Research Corp acquired a new position in K12 during the 1st quarter worth approximately $27,000. PNC Financial Services Group Inc. acquired a new position in shares of K12 in the 4th quarter valued at $44,000. FNY Investment Advisers LLC boosted its holdings in shares of K12 by 539.8% in the 1st quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock valued at $92,000 after buying an additional 2,278 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of K12 in the 1st quarter valued at $144,000. Finally, Advisor Group Inc. raised its position in K12 by 3,128.7% in the 4th quarter. Advisor Group Inc. now owns 5,618 shares of the company’s stock valued at $139,000 after purchasing an additional 5,444 shares during the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

LRN stock traded up $0.35 during trading on Friday, reaching $31.25. 140,589 shares of the stock were exchanged, compared to its average volume of 229,230. The stock has a 50 day simple moving average of $30.79. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.07. K12 has a 1 year low of $16.07 and a 1 year high of $37.43. The company has a quick ratio of 3.39, a current ratio of 3.51 and a debt-to-equity ratio of 0.01.

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

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.

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