American Public Education, Inc. (NASDAQ:APEI – Get Rating) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 525,300 shares, a decline of 39.1% from the October 31st total of 862,500 shares. Based on an average daily volume of 267,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.9% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of APEI. KBC Group NV acquired a new position in American Public Education during the second quarter worth $27,000. Lazard Asset Management LLC purchased a new stake in shares of American Public Education in the first quarter valued at about $108,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of American Public Education in the third quarter valued at about $119,000. Great West Life Assurance Co. Can purchased a new stake in shares of American Public Education in the third quarter valued at about $121,000. Finally, Money Concepts Capital Corp raised its holdings in shares of American Public Education by 11.8% in the third quarter. Money Concepts Capital Corp now owns 13,406 shares of the company’s stock valued at $123,000 after purchasing an additional 1,420 shares during the last quarter. Institutional investors and hedge funds own 96.69% of the company’s stock.
American Public Education Stock Up 1.1 %
American Public Education stock opened at $13.16 on Wednesday. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.47. American Public Education has a 12-month low of $7.82 and a 12-month high of $24.73. The firm’s fifty day moving average is $11.50 and its 200 day moving average is $12.74. The company has a market capitalization of $248.62 million, a PE ratio of -2.51 and a beta of 0.76.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. TheStreet lowered shares of American Public Education from a “c” rating to a “d” rating in a report on Wednesday, August 10th. Barrington Research reissued a “buy” rating and set a $15.00 target price on shares of American Public Education in a report on Friday, September 23rd. Truist Financial reduced their target price on shares of American Public Education from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Finally, StockNews.com started coverage on shares of American Public Education in a report on Wednesday, October 12th. They set a “hold” rating on the stock.
American Public Education Company Profile
American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. It offers 130 degree programs and 111 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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