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

Cubist Systematic Strategies LLC lessened its position in American Public Education, Inc. (NASDAQ:APEI) by 71.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,938 shares of the company’s stock after selling 31,986 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.07% of American Public Education worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in American Public Education by 14.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,004,011 shares of the company’s stock valued at $17,651,000 after buying an additional 127,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American Public Education by 7.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 592,213 shares of the company’s stock worth $10,411,000 after purchasing an additional 42,984 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of American Public Education by 329.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 425,064 shares of the company’s stock worth $7,473,000 after purchasing an additional 326,091 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of American Public Education by 43.6% in the 2nd quarter. American Century Companies Inc. now owns 351,644 shares of the company’s stock worth $6,182,000 after purchasing an additional 106,689 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of American Public Education by 121.3% in the 2nd quarter. Acadian Asset Management LLC now owns 194,365 shares of the company’s stock worth $3,414,000 after purchasing an additional 106,535 shares in the last quarter. Hedge funds and other institutional investors own 79.62% of the company’s stock.

Wall Street Analyst Weigh In

APEI has been the subject of a number of research analyst reports. Barrington Research reduced their target price on American Public Education from $24.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Truist Financial reduced their target price on 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, StockNews.com lowered American Public Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th.

American Public Education Stock Performance

Shares of APEI opened at $14.30 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.83 and a quick ratio of 2.83. American Public Education, Inc. has a one year low of $4.05 and a one year high of $21.04. The firm has a market capitalization of $251.32 million, a P/E ratio of -5.46, a PEG ratio of 1.87 and a beta of 1.25. The business has a fifty day moving average of $14.77 and a 200 day moving average of $15.90.

American Public Education (NASDAQ:APEI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. American Public Education had a return on equity of 6.88% and a net margin of 1.73%. The company had revenue of $152.90 million during the quarter, compared to analyst estimates of $154.06 million. As a group, sell-side analysts anticipate that American Public Education, Inc. will post 0.49 EPS for the current year.

Insider Activity at American Public Education

In related news, Director Michael David Braner bought 17,872 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average cost of $16.77 per share, for a total transaction of $299,713.44. Following the completion of the transaction, the director now owns 1,922,610 shares of the company’s stock, valued at approximately $32,242,169.70. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have purchased 182,287 shares of company stock worth $2,635,431. Corporate insiders own 11.38% 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.