Shares of Apollo Education Group Inc. (NASDAQ:APOL) fell 2.9% during mid-day trading on Wednesday . The stock traded as low as $7.57 and last traded at $7.68, with a volume of 362,957 shares traded. The stock had previously closed at $7.91.

Separately, Zacks Investment Research upgraded Apollo Education Group from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, July 12th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.27.

The company’s 50-day moving average price is $8.71 and its 200 day moving average price is $8.66. The firm’s market capitalization is $822.38 million.

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Apollo Education Group (NASDAQ:APOL) last released its quarterly earnings results on Thursday, July 7th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The business earned $558 million during the quarter. Apollo Education Group had a positive return on equity of 5.24% and a negative net margin of 5.38%. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Analysts expect that Apollo Education Group Inc. will post $0.31 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Winton Capital Group Ltd purchased a new position in Apollo Education Group during the second quarter valued at $105,000. BlackRock Inc. boosted its position in Apollo Education Group by 103.4% in the first quarter. BlackRock Inc. now owns 13,650 shares of the company’s stock valued at $113,000 after buying an additional 6,939 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Apollo Education Group by 21.1% in the second quarter. Teacher Retirement System of Texas now owns 14,450 shares of the company’s stock valued at $132,000 after buying an additional 2,521 shares in the last quarter. Sterneck Capital Management LLC purchased a new position in Apollo Education Group during the first quarter valued at $134,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Apollo Education Group during the second quarter valued at $167,000. Institutional investors and hedge funds own 75.74% of the company’s stock.

About Apollo Education Group

Apollo Education Group, Inc is a private education provider. The Company offers undergraduate, graduate, certificate and non-degree educational programs and services, online and on-campus, principally to working learners in the United States and abroad. The Company’s segments are University of Phoenix, Apollo Global and Other.

5 Day Chart for NASDAQ:APOL

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