K12 Inc. (NYSE:LRN) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 909,700 shares, a decline of 10.3% from the June 15th total of 1,014,300 shares. Based on an average trading volume of 273,700 shares, the short-interest ratio is currently 3.3 days. Currently, 2.4% of the company’s shares are sold short.

Several institutional investors have recently bought and sold shares of LRN. Investors Research Corp purchased a new position in K12 during the first quarter valued at approximately $27,000. Financial Gravity Wealth Inc. purchased a new position in K12 during the second quarter valued at approximately $28,000. PNC Financial Services Group Inc. purchased a new position in K12 during the fourth quarter valued at approximately $44,000. FNY Investment Advisers LLC increased its holdings in K12 by 539.8% during the first 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 during the period. Finally, New York State Teachers Retirement System purchased a new position in K12 during the second quarter valued at approximately $100,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Shares of K12 stock traded down $0.08 on Monday, hitting $30.53. 7,466 shares of the company traded hands, compared to its average volume of 153,283. The company has a 50 day moving average of $30.56. 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 has a 52 week low of $16.07 and a 52 week high of $37.43. The stock has a market cap of $1.23 billion, a P/E ratio of 44.90, a PEG ratio of 2.29 and a beta of 0.07.

Several analysts have recently weighed in on the stock. Barrington Research set a $26.00 price target on shares of NIC and gave the company a “buy” rating in a research note on Thursday, June 13th. Zacks Investment Research downgraded shares of Eisai from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.00.

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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