Assenagon Asset Management S.A. Sells 307,151 Shares of American Public Education, Inc. (NASDAQ:APEI)

Assenagon Asset Management S.A. lessened its holdings in American Public Education, Inc. (NASDAQ:APEI - Free Report) by 72.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,913 shares of the company's stock after selling 307,151 shares during the period. Assenagon Asset Management S.A. owned approximately 0.67% of American Public Education worth $1,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in shares of American Public Education by 5,036.3% in the 1st quarter. Acadian Asset Management LLC now owns 87,830 shares of the company's stock worth $1,246,000 after buying an additional 86,120 shares in the last quarter. Empowered Funds LLC acquired a new position in American Public Education during the first quarter worth $799,000. Jacobs Levy Equity Management Inc. bought a new position in shares of American Public Education during the first quarter valued at $2,159,000. Ritholtz Wealth Management boosted its stake in shares of American Public Education by 97.9% in the 2nd quarter. Ritholtz Wealth Management now owns 20,381 shares of the company's stock valued at $358,000 after purchasing an additional 10,081 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of American Public Education in the 2nd quarter worth about $880,000. Institutional investors own 79.62% of the company's stock.

Insider Buying and Selling at American Public Education

In other American Public Education news, Director Michael David Braner acquired 17,872 shares of American Public Education stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of $16.77 per share, with a total value of $299,713.44. Following the completion of the purchase, the director now owns 1,922,610 shares in the company, valued at $32,242,169.70. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have acquired 182,287 shares of company stock worth $2,635,431. Company insiders own 11.38% of the company's stock.

Wall Street Analyst Weigh In

APEI has been the subject of several analyst reports. StockNews.com downgraded shares of American Public Education from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 7th. Barrington Research reissued an "outperform" rating and issued a $18.00 target price on shares of American Public Education in a report on Tuesday. Finally, Truist Financial decreased their price target 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.

American Public Education Price Performance

Shares of NASDAQ APEI traded down $0.04 during trading on Friday, reaching $15.13. The company had a trading volume of 103,714 shares, compared to its average volume of 199,092. American Public Education, Inc. has a 52 week low of $4.18 and a 52 week high of $21.04. The business's 50 day moving average price is $14.85 and its 200-day moving average price is $15.97. The stock has a market cap of $267.80 million, a PE ratio of 60.52, a PEG ratio of 2.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.83 and a current ratio of 2.83.

American Public Education (NASDAQ:APEI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $152.90 million during the quarter, compared to analysts' expectations of $154.06 million. American Public Education had a net margin of 1.73% and a return on equity of 6.88%. Analysts expect that American Public Education, Inc. will post 0.49 earnings per share for the current year.

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.