American Public Education (NASDAQ:APEI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.
According to Zacks, “Shares of American Public Education have outperformed its industry in the last three months. The affordability of the company’s courses and programs will benefit the company over the long haul. The company has taken up several initiatives to boost its top line. It will continue to improve enrollment trends by strengthening its brand, adding new programs and expanding its strategic relationships. However, American Public Education’s sales and enrollment trends are being hurt by persistent volatility and lower enrollment by students using Federal aid and military tuition assistance. Earnings estimates for 2018 have remained unchanged in the last 60 days, limiting upside potential for the stock.”
Other equities analysts have also issued research reports about the company. ValuEngine lowered American Public Education from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $29.00 price target on shares of American Public Education in a research note on Monday, December 4th. BMO Capital Markets reiterated a “hold” rating and issued a $24.00 price target on shares of American Public Education in a research note on Wednesday, January 17th. BidaskClub lowered American Public Education from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th. Finally, TheStreet upgraded American Public Education from a “c” rating to a “b-” rating in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. American Public Education currently has an average rating of “Hold” and a consensus price target of $27.00.
American Public Education (NASDAQ:APEI) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. American Public Education had a return on equity of 7.20% and a net margin of 6.54%. The company had revenue of $73.28 million for the quarter, compared to analyst estimates of $71.06 million. During the same quarter last year, the company posted $0.02 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts expect that American Public Education will post 1.08 earnings per share for the current year.
In related news, Director Barbara Kurshan sold 1,524 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $26.50, for a total transaction of $40,386.00. Following the sale, the director now owns 7,210 shares in the company, valued at approximately $191,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,824 shares of company stock worth $73,286 in the last 90 days. 3.59% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of American Public Education by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,472,157 shares of the company’s stock valued at $34,817,000 after buying an additional 91,767 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of American Public Education by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,167,178 shares of the company’s stock valued at $24,569,000 after buying an additional 5,462 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of American Public Education by 3.1% in the 2nd quarter. Renaissance Technologies LLC now owns 841,600 shares of the company’s stock valued at $19,904,000 after buying an additional 25,700 shares during the last quarter. Finally, FMR LLC grew its position in shares of American Public Education by 27.4% in the 2nd quarter. FMR LLC now owns 803,108 shares of the company’s stock valued at $18,994,000 after buying an additional 172,608 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.
About American Public Education
American Public Education, Inc provides online and on-campus postsecondary education. The Company provides postsecondary education through its subsidiary institutions, American Public University System, Inc (APUS) and Hondros College of Nursing (HCON). It operates through two segments: American Public Education Segment, which consists of the operational activities of APUS, other corporate activities, and minority investments, and Hondros College of Nursing Segment, which consists of the operational activities of HCON.
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