Principal Financial Group Inc. Invests $165,000 in American Public Education, Inc. (NASDAQ:APEI)

Principal Financial Group Inc. purchased a new stake in American Public Education, Inc. (NASDAQ:APEI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,201 shares of the company’s stock, valued at approximately $165,000. Principal Financial Group Inc. owned approximately 0.06% of American Public Education as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in APEI. Franklin Resources Inc. bought a new stake in American Public Education in the third quarter worth approximately $247,000. Barclays PLC lifted its stake in shares of American Public Education by 17.4% in the 3rd 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 last quarter. Geode Capital Management LLC boosted its holdings in American Public Education by 0.6% in the third quarter. Geode Capital Management LLC now owns 404,168 shares of the company’s stock worth $5,963,000 after purchasing an additional 2,573 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in American Public Education by 3.0% during the third quarter. Orion Portfolio Solutions LLC now owns 51,314 shares of the company’s stock worth $757,000 after buying an additional 1,517 shares during the last quarter. Finally, State Street Corp raised its holdings in American Public Education by 27.2% during the third quarter. State Street Corp now owns 275,889 shares of the company’s stock valued at $4,069,000 after buying an additional 58,984 shares in the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

Wall Street Analysts Forecast Growth

APEI has been the subject of several recent analyst reports. StockNews.com raised American Public Education from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd. B. Riley increased their price target on American Public Education from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barrington Research lifted their price target on shares of American Public Education from $18.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Truist Financial upped their price objective on shares of American Public Education from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 14th.

American Public Education Price Performance

Shares of NASDAQ:APEI opened at $20.59 on Wednesday. The company has a market cap of $364.69 million, a price-to-earnings ratio of 36.77, a PEG ratio of 3.11 and a beta of 1.29. The business has a 50 day moving average price of $20.04 and a 200 day moving average price of $17.35. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.37. American Public Education, Inc. has a twelve month low of $10.15 and a twelve month high of $23.84.

American Public Education Company 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.