Cubist Systematic Strategies LLC Decreases Stake in American Public Education, Inc. (NASDAQ:APEI)

Cubist Systematic Strategies LLC reduced its stake in shares of American Public Education, Inc. (NASDAQ:APEI) by 71.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,938 shares of the company’s stock after selling 31,986 shares during the period. Cubist Systematic Strategies LLC’s holdings in American Public Education were worth $227,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in APEI. Assenagon Asset Management S.A. increased its stake in 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 worth $7,473,000 after acquiring an additional 326,091 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in American Public Education during the first quarter worth approximately $2,159,000. Renaissance Technologies LLC increased its stake in American Public Education by 14.5% during the second quarter. Renaissance Technologies LLC now owns 1,004,011 shares of the company’s stock worth $17,651,000 after acquiring an additional 127,000 shares during the last quarter. American Century Companies Inc. increased its stake in American Public Education by 43.6% during the second quarter. American Century Companies Inc. now owns 351,644 shares of the company’s stock worth $6,182,000 after acquiring an additional 106,689 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in American Public Education by 121.3% during the second quarter. Acadian Asset Management LLC now owns 194,365 shares of the company’s stock worth $3,414,000 after acquiring an additional 106,535 shares during the last quarter. 79.62% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael David Braner bought 17,872 shares of the stock in a transaction on Friday, August 30th. The stock was bought at an average price of $16.77 per share, for a total transaction of $299,713.44. Following the completion of the acquisition, the director now directly owns 1,922,610 shares in the company, valued at approximately $32,242,169.70. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 182,287 shares of company stock worth $2,635,431 over the last 90 days. Company insiders own 11.38% of the company’s stock.

American Public Education Stock Up 1.6 %

Shares of NASDAQ APEI opened at $14.30 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.83 and a current ratio of 2.83. The firm has a market capitalization of $251.32 million, a price-to-earnings ratio of -5.46, a PEG ratio of 1.87 and a beta of 1.25. The stock has a 50 day moving average price of $14.77 and a 200 day moving average price of $15.90. American Public Education, Inc. has a 52-week low of $4.05 and a 52-week high of $21.04.

American Public Education (NASDAQ:APEI) last posted its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $152.90 million during the quarter, compared to analyst estimates of $154.06 million. American Public Education had a return on equity of 6.88% and a net margin of 1.73%. Sell-side analysts expect that American Public Education, Inc. will post 0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on APEI. Truist Financial reduced their price objective on American Public Education from $20.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. StockNews.com cut American Public Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Barrington Research cut their target price on American Public Education from $24.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th.

American Public Education Company 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.