B. Riley Has Optimistic Outlook of APEI FY2024 Earnings

American Public Education, Inc. (NASDAQ:APEI - Free Report) - Investment analysts at B. Riley raised their FY2024 earnings per share estimates for shares of American Public Education in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst R. Sharma now forecasts that the company will post earnings per share of $0.51 for the year, up from their prior forecast of $0.48. B. Riley has a "Buy" rating and a $25.00 price target on the stock. The consensus estimate for American Public Education's current full-year earnings is $0.47 per share. B. Riley also issued estimates for American Public Education's Q4 2024 earnings at $0.58 EPS and FY2025 earnings at $1.67 EPS.

APEI has been the topic of several other reports. StockNews.com cut shares of American Public Education from a "buy" rating to a "hold" rating in a research note on Thursday. Barrington Research lifted their price objective on American Public Education from $18.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Truist Financial raised their price target on American Public Education from $15.00 to $20.00 and gave the company a "hold" rating in a research report on Thursday.

American Public Education Stock Performance

Shares of APEI traded down $0.13 during mid-day trading on Friday, hitting $18.32. 270,905 shares of the company's stock were exchanged, compared to its average volume of 198,519. The firm has a market capitalization of $324.30 million, a P/E ratio of 32.71, a P/E/G ratio of 2.83 and a beta of 1.24. American Public Education has a fifty-two week low of $5.41 and a fifty-two week high of $21.04. The business's 50 day moving average is $15.15 and its two-hundred day moving average is $16.27. The company has a current ratio of 2.65, a quick ratio of 2.83 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at American Public Education

In other American Public Education news, Director Michael David Braner bought 59,179 shares of American Public Education 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. This represents a 3.42 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 117,983 shares of company stock worth $1,747,393. 11.38% of the stock is owned by insiders.

Hedge Funds Weigh In On American Public Education

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of American Public Education during the second quarter worth about $34,000. Quarry LP increased its position in shares of American Public Education by 94.0% during the 2nd quarter. Quarry LP now owns 4,666 shares of the company's stock valued at $82,000 after purchasing an additional 2,261 shares during the period. Public Employees Retirement System of Ohio acquired a new position in American Public Education in the first quarter worth approximately $130,000. MetLife Investment Management LLC raised its holdings in shares of American Public Education by 129.1% during the third quarter. MetLife Investment Management LLC now owns 9,206 shares of the company's stock valued at $136,000 after acquiring an additional 5,187 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in American Public Education in the 1st quarter worth about $141,000. Institutional investors and hedge funds own 79.62% of the company's stock.

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.