Legal & General Group Plc cut its position in shares of American Public Education, Inc. (NASDAQ:APEI) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,055 shares of the company’s stock after selling 127 shares during the period. Legal & General Group Plc’s holdings in American Public Education were worth $619,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. OppenheimerFunds Inc. acquired a new position in American Public Education during the first quarter worth approximately $258,000. Los Angeles Capital Management & Equity Research Inc. raised its position in American Public Education by 5.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,255 shares of the company’s stock worth $372,000 after buying an additional 900 shares in the last quarter. State of Tennessee Treasury Department raised its position in American Public Education by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 16,283 shares of the company’s stock worth $373,000 after buying an additional 2,457 shares in the last quarter. Comerica Bank raised its position in American Public Education by 4.4% in the first quarter. Comerica Bank now owns 17,823 shares of the company’s stock worth $403,000 after buying an additional 752 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in American Public Education by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 21,650 shares of the company’s stock worth $495,000 after buying an additional 1,677 shares in the last quarter. Institutional investors own 93.41% of the company’s stock.
American Public Education, Inc. (NASDAQ APEI) traded up 0.70% on Thursday, reaching $21.70. 2,591 shares of the company’s stock were exchanged. The firm has a market capitalization of $352.26 million, a price-to-earnings ratio of 19.19 and a beta of 1.18. American Public Education, Inc. has a 1-year low of $14.75 and a 1-year high of $30.78. The stock’s 50 day moving average price is $22.93 and its 200 day moving average price is $22.84.
American Public Education (NASDAQ:APEI) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. American Public Education had a net margin of 6.01% and a return on equity of 9.07%. The company had revenue of $75.70 million for the quarter, compared to the consensus estimate of $75.24 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, analysts expect that American Public Education, Inc. will post $1.06 earnings per share for the current year.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of American Public Education from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, July 27th. BidaskClub lowered shares of American Public Education from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, BMO Capital Markets restated a “hold” rating and issued a $24.00 price objective on shares of American Public Education in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.67.
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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