Renaissance Technologies LLC Increases Stock Holdings in American Public Education, Inc. (NASDAQ:APEI)

Renaissance Technologies LLC lifted its stake in shares of American Public Education, Inc. (NASDAQ:APEI) by 14.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,004,011 shares of the company’s stock after buying an additional 127,000 shares during the period. Renaissance Technologies LLC owned approximately 0.06% of American Public Education worth $17,651,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of American Public Education by 7.8% during the second quarter. Dimensional Fund Advisors LP now owns 592,213 shares of the company’s stock valued at $10,411,000 after buying an additional 42,984 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of American Public Education by 329.5% during the second quarter. Assenagon Asset Management S.A. now owns 425,064 shares of the company’s stock valued at $7,473,000 after buying an additional 326,091 shares during the last quarter. American Century Companies Inc. boosted its position in shares of American Public Education by 43.6% during the second quarter. American Century Companies Inc. now owns 351,644 shares of the company’s stock valued at $6,182,000 after buying an additional 106,689 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of American Public Education by 121.3% during the second quarter. Acadian Asset Management LLC now owns 194,365 shares of the company’s stock valued at $3,414,000 after buying an additional 106,535 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in American Public Education in the first quarter worth $2,159,000. Hedge funds and other institutional investors own 79.62% of the company’s stock.

American Public Education Stock Down 1.6 %

APEI stock opened at $15.17 on Friday. American Public Education, Inc. has a 1-year low of $4.05 and a 1-year high of $21.04. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $16.37 and its two-hundred day simple moving average is $15.79. The stock has a market cap of $266.61 million, a P/E ratio of -5.79, a P/E/G ratio of 1.98 and a beta of 1.25.

American Public Education (NASDAQ:APEI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. American Public Education had a return on equity of 6.88% and a net margin of 1.73%. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $154.06 million. Analysts expect that American Public Education, Inc. will post 0.49 EPS for the current year.

Insider Activity

In other news, Director Michael David Braner purchased 64,304 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $13.81 per share, with a total value of $888,038.24. Following the transaction, the director now directly owns 1,636,215 shares of the company’s stock, valued at $22,596,129.15. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought 182,287 shares of company stock valued at $2,635,431 in the last 90 days. Insiders own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

APEI has been the topic of several research analyst reports. StockNews.com cut American Public Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Truist Financial cut their price objective on American Public Education from $20.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Barrington Research cut their price objective on American Public Education from $24.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th.

American Public Education Profile

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.