Smith Asset Management Group LP cut its stake in shares of American Public Education, Inc. (NASDAQ:APEI) by 31.7% during the second quarter, Holdings Channel reports. The fund owned 11,040 shares of the company’s stock after selling 5,120 shares during the period. Smith Asset Management Group LP’s holdings in American Public Education were worth $261,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APEI. Vanguard Group Inc. increased its position in shares of American Public Education by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,380,390 shares of the company’s stock valued at $31,611,000 after buying an additional 103,993 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Public Education by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,092,337 shares of the company’s stock valued at $25,014,000 after buying an additional 53,210 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of American Public Education by 1.9% in the first quarter. Renaissance Technologies LLC now owns 815,900 shares of the company’s stock valued at $18,684,000 after buying an additional 15,400 shares during the last quarter. FMR LLC increased its position in shares of American Public Education by 110.0% in the first quarter. FMR LLC now owns 630,500 shares of the company’s stock valued at $14,438,000 after buying an additional 330,285 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of American Public Education by 8.1% in the first quarter. AQR Capital Management LLC now owns 452,552 shares of the company’s stock valued at $10,363,000 after buying an additional 33,953 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Shares of American Public Education, Inc. (APEI) opened at 18.80 on Wednesday. The stock’s 50 day moving average is $22.08 and its 200-day moving average is $22.58. The company has a market capitalization of $305.46 million, a P/E ratio of 19.75 and a beta of 1.17. American Public Education, Inc. has a 12-month low of $14.75 and a 12-month high of $27.20.

American Public Education (NASDAQ:APEI) last posted its earnings results on Tuesday, August 8th. The company reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $72.20 million during the quarter, compared to analysts’ expectations of $70.40 million. American Public Education had a net margin of 5.18% and a return on equity of 7.87%. American Public Education’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. Analysts anticipate that American Public Education, Inc. will post $1.04 earnings per share for the current year.

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Several research analysts have commented on APEI shares. Zacks Investment Research downgraded shares of American Public Education from a “hold” rating to a “sell” rating in a report on Friday, May 12th. BMO Capital Markets reissued a “hold” rating and issued a $19.00 price target on shares of American Public Education in a report on Friday, August 11th. Finally, BidaskClub downgraded shares of American Public Education from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.

American Public Education Company Profile

American Public Education, Inc provides online and on-campus postsecondary education. The Company provides postsecondary education through its subsidiary institutions, American Public University System, Inc (APUS) and Hondros College of Nursing (HCON). It operates through two segments: American Public Education Segment, which consists of the operational activities of APUS, other corporate activities, and minority investments, and Hondros College of Nursing Segment, which consists of the operational activities of HCON.

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Institutional Ownership by Quarter for American Public Education (NASDAQ:APEI)

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