American Public Education, Inc. (NASDAQ:APEI – Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 732,500 shares, a drop of 10.1% from the January 15th total of 814,600 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 115,400 shares, the days-to-cover ratio is presently 6.3 days.
Institutional Trading of American Public Education
Several large investors have recently made changes to their positions in APEI. New York State Teachers Retirement System purchased a new stake in American Public Education during the 4th quarter worth about $31,000. R Squared Ltd acquired a new position in American Public Education during the fourth quarter worth $38,000. SG Americas Securities LLC purchased a new position in shares of American Public Education during the 4th quarter worth $121,000. MetLife Investment Management LLC grew its holdings in American Public Education by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 9,206 shares of the company’s stock valued at $136,000 after buying an additional 5,187 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in shares of American Public Education during the 3rd quarter worth about $165,000. 79.62% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on APEI shares. Barrington Research lifted their price objective on American Public Education from $18.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Truist Financial boosted their target price on American Public Education from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. B. Riley upped their price target on American Public Education from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised American Public Education from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd.
American Public Education Stock Performance
Shares of APEI stock traded up $0.03 during mid-day trading on Friday, reaching $21.93. The stock had a trading volume of 49,067 shares, compared to its average volume of 76,442. The business’s fifty day moving average is $21.58 and its 200-day moving average is $18.00. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.37. The firm has a market cap of $388.38 million, a price-to-earnings ratio of 39.16, a PEG ratio of 1.09 and a beta of 1.27. American Public Education has a 1-year low of $10.30 and a 1-year high of $23.84.
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.
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