Truist Financial Forecasts Strong Price Appreciation for American Public Education (NASDAQ:APEI) Stock

by · The Cerbat Gem

American Public Education (NASDAQ:APEI – Get Free Report) had its price target raised by research analysts at Truist Financial from $15.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 8.23% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of American Public Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. B. Riley increased their price target on American Public Education from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Barrington Research boosted their price objective on American Public Education from $18.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday.

View Our Latest Report on American Public Education

American Public Education Stock Performance

Shares of APEI traded down $1.37 during trading hours on Thursday, hitting $18.48. The stock had a trading volume of 56,942 shares, compared to its average volume of 197,194. The firm has a 50-day moving average price of $15.02 and a 200 day moving average price of $16.22. American Public Education has a fifty-two week low of $5.41 and a fifty-two week high of $21.04. The firm has a market capitalization of $327.10 million, a price-to-earnings ratio of 33.00, a PEG ratio of 2.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.83 and a current ratio of 2.83.

Insider Activity

In other American Public Education news, Director Michael David Braner purchased 59,179 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of $14.05 per share, for a total transaction of $831,464.95. Following the completion of the transaction, the director now owns 1,788,688 shares of the company’s stock, valued at $25,131,066.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 117,983 shares of company stock worth $1,747,393 over the last three months. Insiders own 11.38% of the company’s stock.

Institutional Trading of American Public Education

Several large investors have recently added to or reduced their stakes in APEI. Innealta Capital LLC acquired a new position in shares of American Public Education during the 2nd quarter valued at about $34,000. Quarry LP raised its stake in American Public Education by 94.0% during the second quarter. Quarry LP now owns 4,666 shares of the company’s stock worth $82,000 after purchasing an additional 2,261 shares during the period. Empowered Funds LLC boosted its holdings in American Public Education by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 86,299 shares of the company’s stock valued at $1,273,000 after purchasing an additional 4,288 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of American Public Education by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 9,206 shares of the company’s stock valued at $136,000 after buying an additional 5,187 shares during the period. Finally, FMR LLC raised its position in shares of American Public Education by 350.3% during the 3rd quarter. FMR LLC now owns 11,658 shares of the company’s stock valued at $172,000 after buying an additional 9,069 shares during the period. 79.62% of the stock is currently owned by hedge funds and other institutional investors.

About American Public Education

(Get Free Report)

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.

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