American Public Education, Inc. (APEI) Insider Wallace E. Jr. Boston Sells 12,000 Shares

American Public Education, Inc. (NASDAQ:APEI) insider Wallace E. Jr. Boston sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $432,000.00. Following the completion of the transaction, the insider now owns 367,001 shares in the company, valued at $13,212,036. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of APEI traded down $0.33 during mid-day trading on Friday, hitting $33.32. The company’s stock had a trading volume of 118,000 shares, compared to its average volume of 121,677. American Public Education, Inc. has a 52-week low of $23.15 and a 52-week high of $46.15. The stock has a market capitalization of $566.29 million, a PE ratio of 25.83, a PEG ratio of 1.43 and a beta of 0.54.

American Public Education (NASDAQ:APEI) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. American Public Education had a net margin of 8.35% and a return on equity of 8.88%. The firm had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $72.24 million. During the same quarter in the prior year, the company earned $0.27 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, equities analysts expect that American Public Education, Inc. will post 1.6 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Chilton Investment Co. LLC lifted its position in shares of American Public Education by 35.8% in the 2nd quarter. Chilton Investment Co. LLC now owns 57,220 shares of the company’s stock worth $2,409,000 after purchasing an additional 15,095 shares during the period. Principal Financial Group Inc. lifted its position in shares of American Public Education by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 125,636 shares of the company’s stock worth $5,402,000 after purchasing an additional 3,903 shares during the period. Wells Fargo & Company MN lifted its position in shares of American Public Education by 9.9% in the 1st quarter. Wells Fargo & Company MN now owns 26,964 shares of the company’s stock worth $1,160,000 after purchasing an additional 2,436 shares during the period. Mackay Shields LLC lifted its position in shares of American Public Education by 91.6% in the 2nd quarter. Mackay Shields LLC now owns 77,205 shares of the company’s stock worth $3,250,000 after purchasing an additional 36,900 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of American Public Education by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,383,100 shares of the company’s stock worth $58,229,000 after purchasing an additional 225,800 shares during the period. 91.75% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of American Public Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 30th. BidaskClub downgraded shares of American Public Education from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. BMO Capital Markets dropped their target price on shares of American Public Education from $44.00 to $43.00 and set a “market perform” rating on the stock in a research note on Thursday, August 9th. Piper Jaffray Companies restated a “hold” rating and issued a $41.00 target price on shares of American Public Education in a research note on Thursday, August 9th. Finally, Barrington Research restated a “buy” rating and issued a $40.00 target price on shares of American Public Education in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.25.

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About American Public Education

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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