American Public Education Inc. (NASDAQ:APEI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “American Public Education posted better-than-expected results in third-quarter 2016, beating the Zacks Consensus Estimate for both earnings and sales. Management’s enrollment growth initiatives are driving the quality mix of students and persistence rates, while reducing bad debt expenses. The company will continue to strive to improve enrollment trends by strengthening its brand, adding new programs and expanding its strategic relationships. However, lower enrollment of students using TA and FSA programs resulted in weak revenues at APUS. Even Hondros College revenues, which registered strong growth in the past, have declined significantly over the last few quarters.”

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets restated a “hold” rating on shares of American Public Education in a research note on Tuesday, November 8th. TheStreet downgraded shares of American Public Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $24.00 price objective (down previously from $25.00) on shares of American Public Education in a research note on Wednesday, August 10th.

American Public Education (NASDAQ:APEI) opened at 22.05 on Friday. The stock has a market cap of $354.39 million, a price-to-earnings ratio of 13.16 and a beta of 1.19. American Public Education has a 52 week low of $13.80 and a 52 week high of $30.78. The company has a 50 day moving average price of $19.86 and a 200 day moving average price of $24.01.

American Public Education (NASDAQ:APEI) last issued its earnings results on Monday, November 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm earned $73.80 million during the quarter, compared to the consensus estimate of $73.39 million. American Public Education had a net margin of 8.44% and a return on equity of 14.11%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Analysts expect that American Public Education will post $1.86 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of American Public Education by 4.7% in the second quarter. Vanguard Group Inc. now owns 1,233,067 shares of the company’s stock valued at $34,649,000 after buying an additional 55,316 shares during the period. BlackRock Fund Advisors increased its stake in shares of American Public Education by 8.1% in the third quarter. BlackRock Fund Advisors now owns 1,151,386 shares of the company’s stock valued at $22,809,000 after buying an additional 85,831 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of American Public Education by 24.6% in the second quarter. Dimensional Fund Advisors LP now owns 902,368 shares of the company’s stock valued at $25,356,000 after buying an additional 178,218 shares during the period. Acadian Asset Management LLC increased its stake in shares of American Public Education by 16.8% in the third quarter. Acadian Asset Management LLC now owns 602,446 shares of the company’s stock valued at $11,936,000 after buying an additional 86,465 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of American Public Education by 42.9% in the first quarter. Renaissance Technologies LLC now owns 600,600 shares of the company’s stock valued at $12,390,000 after buying an additional 180,400 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

About American Public Education

American Public Education, Inc is a provider of online and on-campus postsecondary education. The Company’s segments include American Public Education Segment (APEI Segment), which consists of the operational activities of APUS, other corporate activities and minority investments, and Hondros College of Nursing Segment (HCON Segment), which consists of the operational activities of HCON.

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