Exclusive: K12 Inc. on Focus After Trading At 52-Week Highs

Exclusive: K12 Inc. on Focus After Trading At 52 Week Highs

The stock of K12 Inc. (NYSE:LRN) hit a new 52-week high and has $15.76 target or 7.00% above today’s $14.73 share price. The 8 months bullish chart indicates low risk for the $607.17 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $15.76 price target is reached, the company will be worth $42.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 137,348 shares traded hands. K12 Inc. (NYSE:LRN) has risen 19.84% since April 28, 2016 and is uptrending. It has outperformed by 13.91% the S&P500.

Analysts await K12 Inc. (NYSE:LRN) to report earnings on January, 26. They expect $0.28 EPS, up 21.74% or $0.05 from last year’s $0.23 per share. LRN’s profit will be $11.54 million for 13.15 P/E if the $0.28 EPS becomes a reality. After $-0.36 actual EPS reported by K12 Inc. for the previous quarter, Wall Street now forecasts -177.78% EPS growth.

K12 Inc. (NYSE:LRN) Ratings Coverage

Out of 2 analysts covering K12 (NYSE:LRN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. K12 has been the topic of 2 analyst reports since October 28, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the stock with “Market Perform” rating in Wednesday, October 28 report. On Wednesday, August 10 the stock rating was upgraded by First Analysis to “Overweight”.

According to Zacks Investment Research, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.07, from 1.02 in 2016Q1. The ratio is negative, as 9 funds sold all K12 Inc. shares owned while 44 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 31.33 million shares or 3.63% more from 30.24 million shares in 2016Q1.
Ameriprise Finance last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa, a New York-based fund reported 1,818 shares. Swiss Natl Bank last reported 0% of its portfolio in the stock. Numeric Investors Limited Liability Corp has 0.15% invested in the company for 1.33M shares. Metropolitan Life New York reported 25,296 shares or 0% of all its holdings. Moreover, Vanguard Gp has 0% invested in K12 Inc. (NYSE:LRN) for 2.27 million shares. Connor Clark And Lunn Investment Ltd last reported 19,900 shares in the company. Advisory Research last reported 10,000 shares in the company. Wedge Cap Mgmt L L P Nc last reported 14,552 shares in the company. Clarivest Asset Mngmt Limited Liability Co last reported 130,300 shares in the company. Citigroup Inc accumulated 9,882 shares or 0% of the stock. Jacobs Levy Equity Inc has 102,977 shares for 0.03% of their US portfolio. Acadian Asset Limited Liability Company, a Massachusetts-based fund reported 1.35M shares. Analytic Invsts Ltd Liability Corporation holds 0.01% of its portfolio in K12 Inc. (NYSE:LRN) for 37,689 shares. Schwab Charles Invest Mngmt has 465,066 shares for 0.01% of their US portfolio.

More news for K12 Inc. (NYSE:LRN) were recently published by: Fool.com, which released: “Why K12 Inc. Stock Fell 22% in October” on November 12, 2015. Globenewswire.com‘s article titled: “K12 Inc. Reaches $2.5 Million Settlement with State of California with …” and published on July 08, 2016 is yet another important article.

LRN Company Profile

K12 Inc. (K12), incorporated on December 28, 1999, is a technology education company. The Firm offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a continuum of technology educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families. The Firm offers a set of services and products primarily to three lines of business, which include Managed Public School Programs, which consists of virtual and blended schools; Institutional business, which includes educational services and products sold to school districts, public schools and other educational institutions, and Private Pay Schools and Other, which includes private schools, including international, for which it charges student tuition and direct consumer sales. The Firm sells individual online courses and supplemental educational products directly to families.

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