Wedge Capital Management L L P NC purchased a new position in American Public Education, Inc. (NASDAQ:APEI – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 35,734 shares of the company’s stock, valued at approximately $1,351,000. Wedge Capital Management L L P NC owned 0.20% of American Public Education at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in American Public Education by 1,667.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 180,835 shares of the company’s stock worth $6,836,000 after purchasing an additional 170,604 shares in the last quarter. Diversified Trust Co. lifted its position in American Public Education by 23.7% in the fourth quarter. Diversified Trust Co. now owns 7,197 shares of the company’s stock worth $272,000 after purchasing an additional 1,381 shares during the period. JPMorgan Chase & Co. boosted its stake in American Public Education by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,604 shares of the company’s stock valued at $458,000 after purchasing an additional 3,109 shares in the last quarter. Polar Asset Management Partners Inc. boosted its stake in American Public Education by 949.5% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 108,609 shares of the company’s stock valued at $4,287,000 after purchasing an additional 98,260 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of American Public Education during the 3rd quarter valued at $447,000. 79.62% of the stock is currently owned by institutional investors.
American Public Education Stock Down 1.3%
Shares of American Public Education stock opened at $56.50 on Tuesday. American Public Education, Inc. has a 1 year low of $20.75 and a 1 year high of $59.42. The company has a market cap of $1.04 billion, a P/E ratio of 41.54, a P/E/G ratio of 1.61 and a beta of 1.70. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $46.97 and a 200 day moving average price of $40.17.
Insider Activity
In other American Public Education news, insider 325 Capital Llc sold 95,512 shares of American Public Education stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $54.76, for a total transaction of $5,230,237.12. Following the completion of the sale, the insider owned 901,234 shares of the company’s stock, valued at $49,351,573.84. This trade represents a 9.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nuno S. Fernandes sold 6,500 shares of American Public Education stock in a transaction on Monday, March 16th. The shares were sold at an average price of $53.87, for a total transaction of $350,155.00. Following the sale, the insider directly owned 84,175 shares of the company’s stock, valued at $4,534,507.25. This trade represents a 7.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 377,071 shares of company stock valued at $20,753,569 in the last three months. 17.54% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have recently commented on APEI. Weiss Ratings reissued a “hold (c+)” rating on shares of American Public Education in a research note on Monday, December 29th. Griffin Securities set a $53.00 target price on American Public Education in a report on Tuesday, January 27th. Wall Street Zen cut shares of American Public Education from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. DA Davidson upped their price target on shares of American Public Education from $48.00 to $58.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, B. Riley Financial raised their price objective on shares of American Public Education from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.50.
View Our Latest Stock Analysis on American Public Education
American Public Education Profile
American Public Education, Inc operates as a provider of online postsecondary education, offering degree and certificate programs through its wholly owned subsidiary, American Public University System (APUS). The company designs and delivers a broad range of undergraduate and graduate programs in fields such as business administration, information technology, criminal justice, homeland security, health sciences, and education. Its curriculum is developed to meet the needs of working adults, military personnel, veterans and civilian students seeking flexible, career-relevant learning opportunities.
APUS is regionally accredited by the Middle States Commission on Higher Education and employs a proprietary online learning platform that supports asynchronous instruction, digital course materials and interactive learning tools.
Further Reading
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