Bridgeway Capital Management LLC Sells 34,329 Shares of American Public Education, Inc. $APEI

Key Points

• Bridgeway Capital Management LLC has reduced its stake in American Public Education, Inc. by 16.4% in the 1st quarter, now holding approximately 0.97% of the company with a value of $3.9 million.
• Institutional investors collectively own 79.62% of American Public Education, with several firms increasing their holdings in the past quarter, including Wells Fargo and Dimensional Fund Advisors.
• Despite share price fluctuations, analysts maintain a consensus rating of "Moderate Buy" for the stock, with a target price of $35.17.

Bridgeway Capital Management LLC lowered its holdings in shares of American Public Education, Inc. (NASDAQ:APEI - Free Report) by 16.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 175,287 shares of the company's stock after selling 34,329 shares during the period. Bridgeway Capital Management LLC owned 0.97% of American Public Education worth $3,912,000 as of its most recent filing with the SEC.

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

American Public Education Stock Performance

Shares of APEI traded up $2.35 during mid-day trading on Thursday, hitting $35.33. 338,855 shares of the company's stock were exchanged, compared to its average volume of 241,026. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.35. American Public Education, Inc. has a 52 week low of $13.45 and a 52 week high of $35.45. The stock's 50-day simple moving average is $30.44 and its 200-day simple moving average is $27.08. The firm has a market cap of $638.41 million, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 1.89 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) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. The business had revenue of $162.77 million during the quarter, compared to analysts' expectations of $160.88 million. American Public Education had a return on equity of 10.82% and a net margin of 4.44%. On average, equities research analysts expect that American Public Education, Inc. will post 0.47 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Northland Securities started coverage on shares of American Public Education in a research report on Wednesday, June 18th. They issued an "outperform" rating and a $36.00 price objective on the stock. Northland Capmk raised shares of American Public Education to a "strong-buy" rating in a report on Wednesday, June 18th. Zacks Research upgraded American Public Education to a "hold" rating in a report on Tuesday, August 12th. B. Riley upped their target price on American Public Education from $36.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Barrington Research lifted their price target on American Public Education from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.86.

About American Public Education

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.