As K12 INC (LRN) Share Price Rose, Holder Highland Capital Management LP Cut Its Holding by $7.09 Million

K12 Inc. (NYSE:LRN) LogoInvestors sentiment decreased to 1.11 in Q3 2018. Its down 0.47, from 1.58 in 2018Q2. It fall, as 14 investors sold LRN shares while 42 reduced holdings. 24 funds opened positions while 38 raised stakes. 30.88 million shares or 0.47% less from 31.03 million shares in 2018Q2 were reported. Swiss Commercial Bank invested in 60,600 shares or 0% of the stock. Acadian Asset Mgmt Limited Liability owns 0.09% invested in K12 Inc. (NYSE:LRN) for 1.30 million shares. Marshall Wace Ltd Liability Partnership reported 0% in K12 Inc. (NYSE:LRN). Nordea Invest Mngmt holds 0% or 105,900 shares. Engineers Gate Manager Lp invested 0.04% in K12 Inc. (NYSE:LRN). California Employees Retirement Systems invested in 198,329 shares or 0% of the stock. Pub Employees Retirement System Of Ohio has 0% invested in K12 Inc. (NYSE:LRN) for 24,034 shares. State Board Of Administration Of Florida Retirement System owns 33,004 shares. 3.26 million are held by Vanguard Group. Great West Life Assurance Can holds 0% or 4,287 shares in its portfolio. Wells Fargo Mn has 78,827 shares. Alliancebernstein Ltd Partnership holds 0% or 172,894 shares. Hbk LP holds 25,712 shares or 0% of its portfolio. Deutsche Bancshares Ag has 0% invested in K12 Inc. (NYSE:LRN) for 165,495 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 2,529 shares or 0% of all its holdings.

Since August 24, 2018, it had 0 insider purchases, and 5 insider sales for $3.87 million activity. 7,000 shares were sold by Chavous Kevin, worth $153,930 on Friday, October 26. 2,091 K12 Inc. (NYSE:LRN) shares with value of $36,593 were sold by Polsky Howard D..

Highland Capital Management Lp decreased its stake in K12 Inc (LRN) by 28.35% based on its latest 2018Q3 regulatory filing with the SEC. Highland Capital Management Lp sold 416,983 shares as the company’s stock rose 36.25% while stock markets declined. The hedge fund held 1.05 million shares of the other consumer services company at the end of 2018Q3, valued at $18.80 million, down from 1.47 million at the end of the previous reported quarter. Highland Capital Management Lp who had been investing in K12 Inc for a number of months, seems to be less bullish one the $975.10M market cap company. The stock decreased 1.30% or $0.32 during the last trading session, reaching $24.26. About 153,667 shares traded. K12 Inc. (NYSE:LRN) has risen 40.91% since January 14, 2018 and is uptrending. It has outperformed by 40.91% the S&P500.

Highland Capital Management Lp, which manages about $15.04B and $2.27B US Long portfolio, upped its stake in Ypf Sociedad Anonima (NYSE:YPF) by 174,800 shares to 198,600 shares, valued at $4.43M in 2018Q3, according to the filing. It also increased its holding in Oracle Corp (NYSE:ORCL) by 96,000 shares in the quarter, for a total of 100,000 shares, and has risen its stake in Portola Pharmaceuticals Inc (NASDAQ:PTLA).

Analysts await K12 Inc. (NYSE:LRN) to report earnings on January, 24. They expect $0.56 earnings per share, up 69.70 % or $0.23 from last year’s $0.33 per share. LRN’s profit will be $22.51M for 10.83 P/E if the $0.56 EPS becomes a reality. After $-0.22 actual earnings per share reported by K12 Inc. for the previous quarter, Wall Street now forecasts -354.55 % EPS growth.

More notable recent K12 Inc. (NYSE:LRN) news were published by: Seekingalpha.com which released: “K12: Edtech Gives Way To Giants – Seeking Alpha” on March 13, 2018, also Finance.Yahoo.com with their article: “Can C. H. Robinson Start Delivering Big Capital Gains Again? – Yahoo Finance” published on August 03, 2016, Zacks.com published: “Adtalem (ATGE) Surges 52% in a Year, Outperforms Industry – Zacks.com” on November 19, 2018. More interesting news about K12 Inc. (NYSE:LRN) were released by: Businesswire.com and their article: “Cascade Virtual Academy Welcomes Students for Inaugural School Year – Business Wire” published on August 28, 2018 as well as Businesswire.com‘s news article titled: “Idaho Virtual Academy Celebrates Its 10th Graduating Class – Business Wire” with publication date: May 16, 2018.

K12 Inc. (NYSE:LRN) Institutional Positions Chart

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