American Public Education, Inc. (NASDAQ:APEI) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its holdings in shares of American Public Education, Inc. (NASDAQ:APEI) by 25.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,103 shares of the company’s stock after selling 5,278 shares during the quarter. Ritholtz Wealth Management owned approximately 0.09% of American Public Education worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new position in shares of American Public Education in the first quarter worth about $145,000. BNP Paribas Financial Markets raised its holdings in American Public Education by 13,583.7% in the 1st quarter. BNP Paribas Financial Markets now owns 18,473 shares of the company’s stock valued at $262,000 after acquiring an additional 18,338 shares during the last quarter. Empowered Funds LLC acquired a new stake in American Public Education in the 1st quarter valued at about $799,000. Russell Investments Group Ltd. purchased a new position in American Public Education in the 1st quarter worth approximately $211,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of American Public Education by 5,036.3% during the 1st quarter. Acadian Asset Management LLC now owns 87,830 shares of the company’s stock worth $1,246,000 after purchasing an additional 86,120 shares during the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

American Public Education Stock Performance

Shares of American Public Education stock opened at $14.46 on Friday. The firm has a market cap of $254.13 million, a PE ratio of -5.52, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.37. American Public Education, Inc. has a 52 week low of $4.05 and a 52 week high of $21.04. The business’s fifty day simple moving average is $14.79 and its 200-day simple moving average is $15.88.

American Public Education (NASDAQ:APEI) last announced its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 1.73% and a return on equity of 6.88%. Equities analysts forecast that American Public Education, Inc. will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com cut American Public Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Truist Financial dropped their price objective on shares of American Public Education from $20.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, Barrington Research reduced their target price on shares of 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.

Insider Buying and Selling at American Public Education

In other news, Director Michael David Braner acquired 64,304 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $13.81 per share, with a total value of $888,038.24. Following the completion of the purchase, the director now owns 1,636,215 shares of the company’s stock, valued at $22,596,129.15. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 182,287 shares of company stock valued at $2,635,431 over the last quarter. 11.38% of the stock is owned by company insiders.

About American Public Education

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.