HRT Financial LP Grows Position in American Public Education, Inc. (NASDAQ:APEI)

Posted by Defense World Staff on Jun 2nd, 2023

HRT Financial LP lifted its position in American Public Education, Inc. (NASDAQ:APEI – Get Rating) by 59.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,680 shares of the company’s stock after purchasing an additional 25,652 shares during the quarter. HRT Financial LP owned about 0.36% of American Public Education worth $844,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Systematic Financial Management LP grew its holdings in shares of American Public Education by 1.5% in the third quarter. Systematic Financial Management LP now owns 1,107,168 shares of the company’s stock valued at $10,120,000 after purchasing an additional 16,877 shares during the period. Renaissance Technologies LLC grew its holdings in shares of American Public Education by 9.9% in the third quarter. Renaissance Technologies LLC now owns 1,086,193 shares of the company’s stock valued at $9,928,000 after purchasing an additional 98,100 shares during the period. State Street Corp grew its holdings in shares of American Public Education by 1.8% in the second quarter. State Street Corp now owns 668,838 shares of the company’s stock valued at $10,808,000 after purchasing an additional 11,869 shares during the period. Bank of America Corp DE grew its holdings in shares of American Public Education by 6.4% in the first quarter. Bank of America Corp DE now owns 417,046 shares of the company’s stock valued at $8,858,000 after purchasing an additional 24,927 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of American Public Education by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 259,290 shares of the company’s stock valued at $5,508,000 after purchasing an additional 22,703 shares during the period. Hedge funds and other institutional investors own 92.34% of the company’s stock.

American Public Education Stock Down 5.8 %

Shares of APEI opened at $4.72 on Friday. The stock has a market capitalization of $83.64 million, a PE ratio of -0.70 and a beta of 0.78. American Public Education, Inc. has a 1 year low of $3.78 and a 1 year high of $16.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.47 and a current ratio of 2.47. The company’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $9.75.

American Public Education (NASDAQ:APEI – Get Rating) last issued its quarterly earnings results on Tuesday, March 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.09). The business had revenue of $152.44 million for the quarter, compared to analyst estimates of $152.75 million. American Public Education had a negative return on equity of 5.01% and a negative net margin of 20.97%. Analysts forecast that American Public Education, Inc. will post -1 earnings per share for the current fiscal year.

Insider Activity at American Public Education

In other news, Director Granetta B. Blevins bought 25,750 shares of American Public Education stock in a transaction that occurred on Monday, March 20th. The shares were purchased at an average price of $3.95 per share, with a total value of $101,712.50. Following the completion of the acquisition, the director now directly owns 37,105 shares in the company, valued at $146,564.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

APEI has been the subject of a number of analyst reports. Truist Financial started coverage on shares of American Public Education in a report on Friday, May 26th. They issued a “hold” rating and a $6.00 price objective for the company. StockNews.com started coverage on shares of American Public Education in a research note on Thursday, May 18th. They set a “hold” rating for the company. Barrington Research lowered their target price on shares of American Public Education from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, March 15th. Finally, William Blair lowered shares of American Public Education from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 15th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, American Public Education presently has an average rating of “Hold” and a consensus price target of $8.00.

American Public Education Company Profile

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American Public Education, Inc provides online and on-campus postsecondary education services. It operates through the following segments: American Public University System (APUS) segment, Rasmussen University (RU) segment and Hondros College of Nursing (HCN) segment. The American Public University System segment provides online postsecondary educational services.