K12 Inc. (LRN)’s Bullish Double Top Points to Lower Stock Risks

June 19, 2017 - By Dolores Ford

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.05, from 0.95 in 2016Q3. It dropped, as 19 investors sold K12 Inc. shares while 43 reduced holdings. 21 funds opened positions while 35 raised stakes. 30.55 million shares or 0.70% more from 30.34 million shares in 2016Q3 were reported.
Walleye Trading Ltd Liability has invested 0% of its portfolio in K12 Inc. (NYSE:LRN). 44,890 were reported by Amer Century. Quantitative Inv Mngmt Ltd holds 0.01% or 15,500 shares in its portfolio. Qs Ltd owns 35,094 shares or 0% of their US portfolio. Northern Tru accumulated 412,620 shares. Boothbay Fund Mgmt Ltd Liability Corp accumulated 23,053 shares. Amp Investors Limited invested in 16,494 shares or 0% of the stock. Cubist Systematic Strategies Lc holds 0.02% or 16,114 shares. Moreover, Manufacturers Life Insurance The has 0% invested in K12 Inc. (NYSE:LRN). 20,000 were reported by Eaton Vance. Moreover, Principal Fincl Group Inc has 0.01% invested in K12 Inc. (NYSE:LRN) for 399,633 shares. Hsbc Hldgs Pcl stated it has 0% of its portfolio in K12 Inc. (NYSE:LRN). Menta Capital Ltd Llc has 35,744 shares for 0.05% of their portfolio. Barclays Public Limited Com, United Kingdom-based fund reported 28,143 shares. Trexquant Invest L P accumulated 11,558 shares or 0.03% of the stock.

Since January 31, 2017, it had 0 buys, and 10 selling transactions for $2.17 million activity. On Tuesday, January 31 Cloud Lynda sold $673,700 worth of K12 Inc. (NYSE:LRN) or 33,750 shares. $95,231 worth of K12 Inc. (NYSE:LRN) shares were sold by Polsky Howard D.. On Wednesday, June 7 the insider Rhyu James Jeaho sold $92,750. $51,150 worth of stock was sold by DAVIS NATHANIEL A on Wednesday, May 3. Shares for $142,870 were sold by BRON GUILLERMO. The insider Cleveland Allison sold 5,600 shares worth $104,496. $143,220 worth of K12 Inc. (NYSE:LRN) was sold by FINK STEVEN B on Thursday, May 4.

The chart of K12 Inc. (LRN) shows a double top with $20.04 target or 8.00 % above today’s $18.56 share price. The 6 months chart pattern indicates low risk for the $743.63M company. It was reported on Jun, 19 by Finviz.com. If the $20.04 price target is reached, the company will be worth $59.49 million more. Double tops are rare but powerful chart patterns.

About 3,535 shares traded. K12 Inc. (NYSE:LRN) has risen 71.24% since June 19, 2016 and is uptrending. It has outperformed by 54.54% the S&P500.

Analysts expect K12 Inc. (NYSE:LRN) to report $0.05 EPS on August, 8.They anticipate $0.04 EPS change or 44.44 % from last quarter’s $0.09 EPS. LRN’s profit would be $2.00 million giving it 93.05 P/E if the $0.05 EPS is correct. After having $0.42 EPS previously, K12 Inc.’s analysts see -88.10 % EPS growth.

K12 Inc. (NYSE:LRN) Ratings Coverage

Among 2 analysts covering K12 (NYSE:LRN), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. K12 had 4 analyst reports since October 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Monday, May 1. BMO Capital Markets maintained K12 Inc. (NYSE:LRN) on Thursday, April 13 with “Buy” rating. First Analysis upgraded the shares of LRN in report on Wednesday, August 10 to “Overweight” rating. On Wednesday, October 28 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

More recent K12 Inc. (NYSE:LRN) news were published by: Philly.com which released: “Court sides with proposed cyber charter backed by K12 Inc.” on May 18, 2017. Also Washingtonpost.com published the news titled: “Virtual school operator K12 Inc. faces challenge from stockholders demanding …” on December 14, 2016. Businesswire.com‘s news article titled: “Texas Virtual Academy to Hold In-Person Graduation Ceremony” with publication date: June 12, 2017 was also an interesting one.

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