PNC Financial Services Group Inc. increased its position in shares of American Public Education, Inc. (NASDAQ:APEI) by 947.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,164 shares of the company’s stock after buying an additional 4,671 shares during the period. PNC Financial Services Group Inc.’s holdings in American Public Education were worth $223,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of American Public Education during the 1st quarter worth $101,000. Victory Capital Management Inc. bought a new stake in shares of American Public Education during the 1st quarter worth $168,000. MetLife Investment Advisors LLC bought a new stake in shares of American Public Education during the 4th quarter worth $223,000. Aperio Group LLC bought a new stake in shares of American Public Education during the 1st quarter worth $223,000. Finally, Seizert Capital Partners LLC bought a new stake in shares of American Public Education during the 1st quarter worth $299,000. 94.14% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. ValuEngine raised shares of American Public Education from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised shares of American Public Education from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Friday, May 4th. BidaskClub downgraded shares of American Public Education from a “hold” rating to a “sell” rating in a report on Friday, April 13th. Barrington Research raised shares of American Public Education from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Wednesday, May 9th. They noted that the move was a valuation call. Finally, BMO Capital Markets increased their price target on shares of American Public Education from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.75.
In other American Public Education news, insider Wallace E. Jr. Boston sold 4,000 shares of the stock in a transaction on Friday, June 1st. The shares were sold at an average price of $43.08, for a total value of $172,320.00. Following the completion of the sale, the insider now directly owns 390,901 shares of the company’s stock, valued at approximately $16,840,015.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 4,800 shares of company stock valued at $205,785. Insiders own 3.19% of the company’s stock.
Shares of American Public Education opened at $42.15 on Thursday, MarketBeat Ratings reports. American Public Education, Inc. has a fifty-two week low of $17.40 and a fifty-two week high of $45.75. The firm has a market capitalization of $723.21 million, a price-to-earnings ratio of 32.67, a P/E/G ratio of 1.80 and a beta of 0.67.
American Public Education (NASDAQ:APEI) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. American Public Education had a net margin of 7.10% and a return on equity of 7.90%. The firm had revenue of $75.00 million during the quarter, compared to the consensus estimate of $75.13 million. During the same period in the prior year, the firm earned $0.28 EPS. The business’s revenue was down .9% on a year-over-year basis. equities research analysts predict that American Public Education, Inc. will post 1.63 earnings per share for the current year.
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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