American Public Education, Inc. (APEI) Upgraded to “Hold” by Zacks Investment Research

American Public Education, Inc. (NASDAQ:APEI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “The affordability of the American Public's courses and programs will benefit the company in the long run owing to high price sensitivity among students. The company has taken up several initiatives to boost its top line. It will continue to improve enrollment trends by strengthening its brand, adding new programs and expanding its strategic relationships. However, American Public's sales and enrollment trends are being hurt by persistent volatility and softness in enrollment by students using Federal aid and military tuition assistance. Shares of the company have also underperformed the industry year to date. Moreover, the company’s second-quarter outlook is discouraging.”

A number of other analysts have also recently commented on the company. ValuEngine cut American Public Education from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub cut American Public Education from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, BMO Capital Markets restated a “hold” rating and issued a $19.00 price target on shares of American Public Education in a research report on Friday, August 11th.

Shares of American Public Education (APEI) traded down 1.19% during mid-day trading on Wednesday, reaching $20.80. 12,806 shares of the company’s stock traded hands. The company has a market cap of $337.98 million, a price-to-earnings ratio of 21.89 and a beta of 1.12. American Public Education has a 12 month low of $14.75 and a 12 month high of $27.20. The company has a 50 day moving average of $19.30 and a 200 day moving average of $21.60.

American Public Education (NASDAQ:APEI) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $72.20 million for the quarter, compared to the consensus estimate of $70.40 million. American Public Education had a return on equity of 7.87% and a net margin of 5.18%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts expect that American Public Education will post $1.02 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in American Public Education by 6.6% during the second quarter. Vanguard Group Inc. now owns 1,472,157 shares of the company’s stock valued at $34,817,000 after buying an additional 91,767 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in American Public Education by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,161,716 shares of the company’s stock valued at $27,475,000 after buying an additional 69,379 shares during the last quarter. Renaissance Technologies LLC boosted its stake in American Public Education by 3.1% during the second quarter. Renaissance Technologies LLC now owns 841,600 shares of the company’s stock valued at $19,904,000 after buying an additional 25,700 shares during the last quarter. FMR LLC boosted its stake in American Public Education by 27.4% during the second quarter. FMR LLC now owns 803,108 shares of the company’s stock valued at $18,994,000 after buying an additional 172,608 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in American Public Education by 8.1% during the first quarter. AQR Capital Management LLC now owns 452,552 shares of the company’s stock valued at $10,363,000 after buying an additional 33,953 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

American Public Education Company Profile

American Public Education, Inc provides online and on-campus postsecondary education. The Company provides postsecondary education through its subsidiary institutions, American Public University System, Inc (APUS) and Hondros College of Nursing (HCON). It operates through two segments: American Public Education Segment, which consists of the operational activities of APUS, other corporate activities, and minority investments, and Hondros College of Nursing Segment, which consists of the operational activities of HCON.

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