Panagora Asset Management Inc. Purchases 33,045 Shares of American Public Education, Inc. $APEI

Key Points

• Panagora Asset Management Inc. increased its holdings in American Public Education by 101.6%, acquiring 33,045 additional shares, bringing its total to 65,561 shares valued at approximately $1.46 million.
• Multiple institutional investors, including Vanguard Group Inc. and Ameriprise Financial Inc., have also expanded their stakes in American Public Education, with institutional ownership now at 79.62%.
• American Public Education reported earnings of ($0.02) EPS, exceeding analyst expectations, and its current consensus rating is classified as a "Moderate Buy" with a target price of $35.17.

Panagora Asset Management Inc. boosted its holdings in shares of American Public Education, Inc. (NASDAQ:APEI - Free Report) by 101.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 65,561 shares of the company's stock after acquiring an additional 33,045 shares during the period. Panagora Asset Management Inc. owned 0.36% of American Public Education worth $1,463,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of American Public Education by 19,594.1% in the 1st quarter. GAMMA Investing LLC now owns 3,348 shares of the company's stock valued at $75,000 after buying an additional 3,331 shares during the period. Parallel Advisors LLC acquired a new position in shares of American Public Education in the 1st quarter valued at $89,000. Public Employees Retirement System of Ohio acquired a new position in shares of American Public Education in the 4th quarter valued at $124,000. Wells Fargo & Company MN grew its holdings in shares of American Public Education by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,057 shares of the company's stock valued at $195,000 after buying an additional 2,049 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of American Public Education in the 1st quarter valued at $213,000. Institutional investors and hedge funds own 79.62% of the company's stock.

American Public Education Stock Up 2.4%

NASDAQ:APEI traded up $0.78 on Tuesday, hitting $33.03. 321,820 shares of the company's stock were exchanged, compared to its average volume of 202,439. The firm has a 50-day moving average price of $30.17 and a 200-day moving average price of $26.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.83 and a quick ratio of 2.83. American Public Education, Inc. has a 52 week low of $13.45 and a 52 week high of $33.12. The company has a market cap of $596.76 million, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 1.81 and a beta of 1.61.

American Public Education (NASDAQ:APEI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. American Public Education had a net margin of 4.44% and a return on equity of 10.82%. The firm had revenue of $162.77 million for the quarter, compared to analysts' expectations of $160.88 million. As a group, analysts expect that American Public Education, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APEI has been the subject of several research analyst reports. Griffin Securities set a $37.00 price target on shares of American Public Education in a report on Thursday, August 7th. Truist Financial boosted their price target on shares of American Public Education from $24.00 to $30.00 and gave the company a "hold" rating in a report on Wednesday, May 14th. Northland Capmk raised shares of American Public Education to a "strong-buy" rating in a report on Wednesday, June 18th. B. Riley boosted their price target on shares of American Public Education from $36.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Barrington Research boosted their price target on shares of American Public Education from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, American Public Education currently has a consensus rating of "Moderate Buy" and an average target price of $35.86.

American Public Education Profile

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.