American Public Education Inc. (APEI) Hits New 52-Week High at $29.87
American Public Education Inc. (NASDAQ:APEI) shares reached a new 52-week high during trading on Thursday . The company traded as high as $29.87 and last traded at $29.37, with a volume of 22,967 shares trading hands. The stock had previously closed at $29.18.
APEI has been the subject of a number of research analyst reports. TheStreet upgraded American Public Education from a “hold” rating to a “buy” rating in a research note on Wednesday, June 15th. Zacks Investment Research upgraded American Public Education from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Wednesday, May 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. American Public Education presently has a consensus rating of “Hold” and an average price target of $26.50.
The stock’s 50-day moving average price is $27.94 and its 200 day moving average price is $22.10. The company has a market capitalization of $473.81 million and a price-to-earnings ratio of 14.36.
American Public Education (NASDAQ:APEI) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. The company had revenue of $83.97 million for the quarter, compared to analysts’ expectations of $82.59 million. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, equities analysts forecast that American Public Education Inc. will post $2.01 EPS for the current fiscal year.
In other American Public Education news, EVP Carol S. Gilbert sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $25.59, for a total transaction of $25,590.00. Following the sale, the executive vice president now directly owns 51,685 shares in the company, valued at $1,322,619.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Several hedge funds and institutional investors have added to or reduced their stakes in the stock. Morgan Stanley boosted its position 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 in the last quarter. GSA Capital Partners LLP boosted its position 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 in the last quarter.
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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