Zacks Investment Research upgraded shares of American Public Education, Inc. (NASDAQ:APEI) from a sell rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “The affordability of the American Public's courses and programs will benefit the company in the long run owing to high price sensitivity among students. 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's sales and enrollment trends are being hurt by persistent volatility and softness in enrollment by students using Federal aid and military tuition assistance. Shares of the company have also underperformed the industry year to date. Moreover, the company’s second-quarter outlook is discouraging.”
A number of other analysts have also weighed in on the stock. ValuEngine lowered shares of American Public Education from a buy rating to a hold rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of American Public Education from a sell rating to a strong sell rating in a research report on Saturday, August 26th. Finally, BMO Capital Markets restated a hold rating and issued a $19.00 target price on shares of American Public Education in a research report on Friday, August 11th.
American Public Education (APEI) remained flat at $20.75 on Wednesday. 17,003 shares of the company traded hands. The stock has a market cap of $337.15 million, a P/E ratio of 21.80 and a beta of 1.12. The stock has a 50-day moving average of $19.38 and a 200-day moving average of $21.59. American Public Education has a 12 month low of $14.75 and a 12 month high of $27.20.
American Public Education (NASDAQ:APEI) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The business had revenue of $72.20 million for the quarter, compared to analyst estimates of $70.40 million. American Public Education had a net margin of 5.18% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Equities analysts forecast that American Public Education will post $1.02 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of APEI. Public Employees Retirement System of Ohio boosted its position in American Public Education by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,524 shares of the company’s stock valued at $149,000 after buying an additional 910 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in American Public Education by 38.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,601 shares of the company’s stock valued at $156,000 after buying an additional 1,850 shares in the last quarter. Arizona State Retirement System acquired a new stake in American Public Education in the second quarter valued at approximately $201,000. Brandywine Global Investment Management LLC acquired a new stake in American Public Education in the second quarter valued at approximately $209,000. Finally, Voya Investment Management LLC acquired a new stake in American Public Education in the second quarter valued at approximately $221,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.
American Public Education Company Profile
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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