American Public Education, Inc. (NASDAQ:APEI) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 398,600 shares, a decrease of 18.2% from the August 15th total of 487,000 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 93,700 shares, the days-to-cover ratio is currently 4.3 days.
NASDAQ APEI opened at $28.17 on Wednesday. The business has a 50 day simple moving average of $31.12 and a 200 day simple moving average of $28.08. American Public Education has a one year low of $18.47 and a one year high of $41.09. The stock has a market capitalization of $414.46 million, a P/E ratio of 25.70 and a beta of 0.69.
American Public Education (NASDAQ:APEI) last released its earnings results on Monday, August 10th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.24 by $0.21. American Public Education had a return on equity of 5.66% and a net margin of 4.41%. As a group, sell-side analysts predict that American Public Education will post 1.14 earnings per share for the current year.
Several equities analysts have commented on the company. TheStreet upgraded American Public Education from a "c+" rating to a "b" rating in a research report on Monday, August 17th. BidaskClub downgraded American Public Education from a "hold" rating to a "sell" rating in a research report on Friday, August 28th. Sidoti downgraded American Public Education from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a research report on Friday, May 29th. They noted that the move was a valuation call. Barrington Research restated a "buy" rating and set a $37.00 price objective on shares of American Public Education in a research report on Tuesday. Finally, Zacks Investment Research upgraded American Public Education from a "hold" rating to a "strong-buy" rating and set a $38.00 price objective for the company in a research report on Friday, August 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. American Public Education presently has a consensus rating of "Hold" and an average target price of $36.50.
In other American Public Education news, Director Jean C. Halle sold 5,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $35.35, for a total value of $176,750.00. Following the completion of the transaction, the director now directly owns 24,039 shares in the company, valued at $849,778.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert E. Gay sold 2,500 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $33.42, for a total value of $83,550.00. Following the completion of the transaction, the chief operating officer now owns 10,549 shares of the company's stock, valued at $352,547.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,517 shares of company stock worth $2,023,330. Insiders own 3.73% of the company's stock.
A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in American Public Education by 20.2% in the second quarter. PNC Financial Services Group Inc. now owns 8,672 shares of the company's stock valued at $257,000 after acquiring an additional 1,456 shares during the period. Engineers Gate Manager LP acquired a new stake in American Public Education in the second quarter valued at approximately $604,000. Jane Street Group LLC acquired a new stake in American Public Education in the second quarter valued at approximately $224,000. Sei Investments Co. grew its stake in American Public Education by 27.7% in the second quarter. Sei Investments Co. now owns 12,724 shares of the company's stock valued at $349,000 after acquiring an additional 2,762 shares during the period. Finally, Portolan Capital Management LLC grew its stake in American Public Education by 14.4% in the second quarter. Portolan Capital Management LLC now owns 222,135 shares of the company's stock valued at $6,575,000 after acquiring an additional 28,000 shares during the period. 93.26% of the stock is owned by hedge funds and other institutional investors.
American Public Education Company Profile
American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through two segments, American Public Education and Hondros College of Nursing. It offers 108 degree programs and 109 certificate programs in various fields of study, including business administration, health science, technology, criminal justice, education, and liberal arts, as well as national security, military studies, intelligence, and homeland security.
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