Cornerstone Capital Management Holdings LLC. raised its position in shares of K12 Inc (NYSE:LRN) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 262,153 shares of the company’s stock after purchasing an additional 11,700 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.64% of K12 worth $4,697,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of LRN. BNP Paribas Arbitrage SA grew its stake in K12 by 167.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,188 shares of the company’s stock valued at $129,000 after purchasing an additional 4,499 shares during the last quarter. SG Americas Securities LLC purchased a new stake in K12 during the 2nd quarter valued at about $131,000. Legal & General Group Plc grew its stake in K12 by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 8,346 shares of the company’s stock valued at $150,000 after purchasing an additional 298 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in K12 during the 1st quarter valued at about $255,000. Finally, AXA purchased a new stake in K12 during the 2nd quarter valued at about $258,000. Institutional investors and hedge funds own 79.51% of the company’s stock.
In other news, CFO James Jeaho Rhyu sold 5,000 shares of K12 stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.00, for a total transaction of $90,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 55,000 shares of company stock worth $990,850 in the last quarter. Insiders own 18.34% of the company’s stock.
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K12 Inc (K12) is a technology-based education company. The Company 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-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.
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