Apollo Education Group Inc. (APOL) Sees Unusually-High Trading Volume
Shares of Apollo Education Group Inc. (NASDAQ:APOL) saw unusually-high trading volume on Wednesday . Approximately 759,068 shares changed hands during trading, an increase of 81% from the previous session’s volume of 419,861 shares.The stock last traded at $8.90 and had previously closed at $8.99.
Separately, Zacks Investment Research upgraded shares of Apollo Education Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Apollo Education Group currently has a consensus rating of “Hold” and an average price target of $10.27.
The firm’s market cap is $968.14 million. The firm has a 50 day moving average of $9.01 and a 200 day moving average of $8.59.
Apollo Education Group (NASDAQ:APOL) last released its quarterly earnings data on Thursday, July 7th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company earned $558 million during the quarter. The company’s quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities analysts forecast that Apollo Education Group Inc. will post $0.31 EPS for the current fiscal year.
Several hedge funds and institutional investors have made changes to their positions in the stock. Wells Fargo & Company MN raised its position in shares of Apollo Education Group by 35.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,171,755 shares of the company’s stock worth $24,327,000 after buying an additional 836,472 shares during the period. Morgan Stanley raised its position in shares of Apollo Education Group by 57.5% in the fourth quarter. Morgan Stanley now owns 1,786,349 shares of the company’s stock worth $13,701,000 after buying an additional 652,126 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Apollo Education Group during the fourth quarter worth about $4,909,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Apollo Education Group by 123.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 543,575 shares of the company’s stock worth $4,169,000 after buying an additional 300,325 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of Apollo Education Group by 29.0% in the fourth quarter. Systematic Financial Management LP now owns 241,664 shares of the company’s stock worth $1,853,000 after buying an additional 54,345 shares during the period.
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.
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