American Public Education, Inc. (NASDAQ:APEI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.
Several other analysts have also recently weighed in on the company. Zacks Investment Research cut American Public Education from a “strong-buy” rating to a “hold” rating in a report on Friday, August 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price target on shares of American Public Education in a report on Friday, August 11th.
Shares of American Public Education (APEI) traded up 1.12% during midday trading on Friday, reaching $18.00. 28,508 shares of the company’s stock were exchanged. The stock has a market cap of $292.46 million, a PE ratio of 18.91 and a beta of 1.17. The company’s 50 day moving average is $20.94 and its 200-day moving average is $22.26. 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 released its quarterly earnings results on Tuesday, August 8th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. American Public Education had a return on equity of 7.87% and a net margin of 5.18%. The firm had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $70.40 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. Equities analysts forecast that American Public Education will post $1.02 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of American Public Education by 4.3% in the first quarter. Principal Financial Group Inc. now owns 123,896 shares of the company’s stock worth $2,837,000 after buying an additional 5,137 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in shares of American Public Education during the first quarter worth $258,000. Alliancebernstein L.P. boosted its position in shares of American Public Education by 236.1% in the first quarter. Alliancebernstein L.P. now owns 63,587 shares of the company’s stock worth $1,456,000 after buying an additional 44,670 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of 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. Finally, JPMorgan Chase & Co. boosted its position in shares of American Public Education by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 115,210 shares of the company’s stock worth $2,638,000 after buying an additional 1,692 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.
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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