Geode Capital Management LLC Increases Holdings in American Public Education, Inc. (NASDAQ:APEI)

Geode Capital Management LLC boosted its stake in American Public Education, Inc. (NASDAQ:APEI) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,168 shares of the company’s stock after purchasing an additional 2,573 shares during the period. Geode Capital Management LLC owned approximately 2.28% of American Public Education worth $5,963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its stake in shares of American Public Education by 3.0% in the third quarter. Orion Portfolio Solutions LLC now owns 51,314 shares of the company’s stock valued at $757,000 after buying an additional 1,517 shares in the last quarter. Quarry LP grew its position in American Public Education by 94.0% in the second quarter. Quarry LP now owns 4,666 shares of the company’s stock valued at $82,000 after acquiring an additional 2,261 shares in the last quarter. Barclays PLC raised its stake in shares of American Public Education by 17.4% during the third quarter. Barclays PLC now owns 28,078 shares of the company’s stock valued at $414,000 after purchasing an additional 4,167 shares during the period. Empowered Funds LLC lifted its position in shares of American Public Education by 5.2% during the third quarter. Empowered Funds LLC now owns 86,299 shares of the company’s stock worth $1,273,000 after purchasing an additional 4,288 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of American Public Education by 129.1% in the third quarter. MetLife Investment Management LLC now owns 9,206 shares of the company’s stock valued at $136,000 after purchasing an additional 5,187 shares during the period. Institutional investors and hedge funds own 79.62% of the company’s stock.

American Public Education Price Performance

APEI opened at $21.21 on Friday. The company has a market capitalization of $375.67 million, a P/E ratio of 37.88, a PEG ratio of 3.11 and a beta of 1.31. The company has a 50-day moving average of $19.80 and a 200-day moving average of $17.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.65 and a current ratio of 2.65. American Public Education, Inc. has a 1-year low of $9.85 and a 1-year high of $23.84.

Analysts Set New Price Targets

A number of equities analysts have commented on APEI shares. StockNews.com upgraded shares of American Public Education from a “hold” rating to a “buy” rating in a report on Thursday. Barrington Research boosted their price target on American Public Education from $18.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Truist Financial raised their price objective on American Public Education from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Finally, B. Riley upped their target price on American Public Education from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

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.