American Public Education Inc. (APEI) Hits New 1-Year High at $29.87
Shares of American Public Education Inc. (NASDAQ:APEI) hit a new 52-week high on Thursday . The company traded as high as $29.87 and last traded at $29.37, with a volume of 22,967 shares. The stock had previously closed at $29.18.
A number of brokerages recently weighed in on APEI. Zacks Investment Research cut shares of American Public Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 3rd. TheStreet raised shares of American Public Education from a “hold” rating to a “buy” rating in a research note on Wednesday, June 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.50.
The stock has a market capitalization of $474.70 million and a PE ratio of 14.387. The company has a 50-day moving average price of $27.86 and a 200-day moving average price of $21.96.
American Public Education (NASDAQ:APEI) last announced its earnings results on Monday, May 9th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.14. During the same period in the prior year, the firm posted $0.51 earnings per share. The company earned $83.97 million during the quarter, compared to the consensus estimate of $82.59 million. The company’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts forecast that American Public Education Inc. will post $2.01 earnings per share for the current fiscal year.
In related news, EVP Carol S. Gilbert sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $25.59, for a total transaction of $25,590.00. Following the completion of the sale, the executive vice president now directly owns 51,685 shares of the company’s stock, valued at $1,322,619.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Other large investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in American Public Education by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 660,497 shares of the company’s stock worth $12,293,000 after buying an additional 39,865 shares during the period. Morgan Stanley increased its stake in American Public Education by 155.7% in the fourth quarter. Morgan Stanley now owns 87,500 shares of the company’s stock worth $1,628,000 after buying an additional 53,286 shares during the period. Finally, GSA Capital Partners LLP increased its stake in American Public Education by 102.6% in the fourth quarter. GSA Capital Partners LLP now owns 90,507 shares of the company’s stock worth $1,684,000 after buying an additional 45,842 shares during the period.
American Public Education, Inc is a provider of online and on-campus postsecondary education. The Company’s segments include American Public Education Segment (APEI Segment), which consists of the operational activities of APUS, other corporate activities and minority investments, and Hondros College of Nursing Segment (HCON Segment), which consists of the operational activities of HCON.
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