American Public Education (NASDAQ:APEI) Downgraded by William Blair to “Market Perform”

William Blair lowered shares of American Public Education (NASDAQ:APEI – Get Rating) from an outperform rating to a market perform rating in a report released on Wednesday, The Fly reports. William Blair also issued estimates for American Public Education’s Q1 2023 earnings at ($0.50) EPS, Q2 2023 earnings at ($0.49) EPS, Q3 2023 earnings at ($0.41) EPS, Q4 2023 earnings at ($0.17) EPS, FY2023 earnings at ($1.57) EPS, Q1 2024 earnings at ($0.18) EPS, Q2 2024 earnings at ($0.32) EPS, Q3 2024 earnings at ($0.22) EPS, Q4 2024 earnings at $0.03 EPS and FY2024 earnings at ($0.69) EPS.

Separately, StockNews.com cut shares of American Public Education from a buy rating to a hold rating in a research note on Wednesday, March 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $13.00.

American Public Education Trading Down 8.5 %

APEI stock opened at $4.07 on Wednesday. American Public Education has a one year low of $4.06 and a one year high of $24.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.39 and a current ratio of 2.63. The company has a fifty day moving average of $11.52 and a 200-day moving average of $11.57.

Institutional Investors Weigh In On American Public Education

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming purchased a new stake in American Public Education in the fourth quarter valued at approximately $29,000. MetLife Investment Management LLC acquired a new position in American Public Education during the fourth quarter valued at approximately $123,000. State of Wisconsin Investment Board lifted its position in American Public Education by 13.3% during the fourth quarter. State of Wisconsin Investment Board now owns 62,400 shares of the company’s stock valued at $767,000 after buying an additional 7,304 shares in the last quarter. Morgan Stanley lifted its position in American Public Education by 61.6% during the fourth quarter. Morgan Stanley now owns 134,096 shares of the company’s stock valued at $1,648,000 after buying an additional 51,141 shares in the last quarter. Finally, Man Group plc acquired a new position in American Public Education during the fourth quarter valued at approximately $407,000. 92.34% of the stock is currently owned by hedge funds and other institutional investors.

About American Public Education

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American Public Education, Inc provides online and on-campus postsecondary education services. It operates through the following business segments: American Public Education and Hondros College of Nursing. The American Public Education segment reflects the operational activities of the company’s subsidiary American Public University System, Inc, other corporate activities and minority investments.