American Public Education Inc. (APEI) Trading Down 2.2%
American Public Education Inc. (NASDAQ:APEI)’s share price fell 2.2% during mid-day trading on Friday . The company traded as low as $28.23 and last traded at $28.55, with a volume of 65,602 shares. The stock had previously closed at $29.20.
APEI has been the subject of a number of research reports. Zacks Investment Research downgraded shares of American Public Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. TheStreet upgraded shares of American Public Education from a “hold” rating to a “buy” rating in a report on Wednesday, June 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.50.
The company has a 50 day moving average price of $28.12 and a 200 day moving average price of $22.54. The stock has a market capitalization of $459.84 million and a price-to-earnings ratio of 13.94.
American Public Education (NASDAQ:APEI) last announced its earnings results on Monday, May 9th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.14. During the same quarter in the prior year, the company earned $0.51 EPS. The company earned $83.97 million during the quarter, compared to the consensus estimate of $82.59 million. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts predict that American Public Education Inc. will post $2.01 EPS for the current year.
In related news, EVP Carol S. Gilbert sold 1,000 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $25.59, for a total value of $25,590.00. Following the completion of the transaction, the executive vice president now owns 51,685 shares in the company, valued at approximately $1,322,619.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Other institutional investors recently made changes to their positions in the company. Morgan Stanley raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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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