Renaissance Technologies LLC Has $17.65 Million Stock Holdings in American Public Education, Inc. (NASDAQ:APEI)

Renaissance Technologies LLC grew its position in shares of American Public Education, Inc. (NASDAQ:APEI) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,004,011 shares of the company’s stock after purchasing an additional 127,000 shares during the quarter. Renaissance Technologies LLC owned approximately 5.71% of American Public Education worth $17,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of American Public Education in the second quarter worth approximately $34,000. Public Employees Retirement System of Ohio acquired a new position in shares of American Public Education in the first quarter worth approximately $130,000. Jump Financial LLC acquired a new position in shares of American Public Education in the fourth quarter worth approximately $137,000. Hillsdale Investment Management Inc. acquired a new position in shares of American Public Education in the first quarter worth approximately $141,000. Finally, Cannon Global Investment Management LLC acquired a new position in shares of American Public Education in the first quarter worth approximately $145,000. 79.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APEI has been the topic of a number of recent analyst reports. StockNews.com lowered American Public Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Barrington Research lowered 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. Finally, Truist Financial lowered 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.

Insider Activity

In other news, Director Michael David Braner acquired 64,304 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of $13.81 per share, for a total transaction of $888,038.24. Following the completion of the acquisition, the director now directly owns 1,636,215 shares in the company, valued at approximately $22,596,129.15. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders bought a total of 182,287 shares of company stock worth $2,635,431 over the last quarter. 11.38% of the stock is currently owned by corporate insiders.

American Public Education Trading Down 1.6 %

Shares of APEI stock opened at $15.17 on Friday. The company has a market cap of $266.61 million, a P/E ratio of -5.79, a PEG ratio of 1.98 and a beta of 1.25. The stock has a 50 day simple moving average of $16.37 and a two-hundred day simple moving average of $15.79. 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, Inc. has a fifty-two week low of $4.05 and a fifty-two week high of $21.04.

American Public Education (NASDAQ:APEI) last issued its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $154.06 million. American Public Education had a return on equity of 6.88% and a net margin of 1.73%. Research analysts forecast that American Public Education, Inc. will post 0.49 earnings per share for the current year.

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.