American Public Education (NASDAQ:APEI) Given New $24.00 Price Target at Barrington Research

American Public Education (NASDAQ:APEI) had its price objective raised by equities research analysts at Barrington Research from $18.00 to $24.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 20.91% from the stock’s current price.

APEI has been the topic of several other research reports. StockNews.com lowered American Public Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Truist Financial decreased their target price 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. Finally, B. Riley raised their price target 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 Price Performance

Shares of APEI traded up $2.53 during trading hours on Wednesday, reaching $19.85. The company had a trading volume of 474,012 shares, compared to its average volume of 197,831. The company has a market capitalization of $351.35 million, a price-to-earnings ratio of 35.45, a PEG ratio of 2.36 and a beta of 1.24. American Public Education has a 12-month low of $5.41 and a 12-month high of $21.04. The firm has a 50 day simple moving average of $14.93 and a 200-day simple moving average of $16.20. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In related news, Director Michael David Braner bought 26,539 shares of the stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $14.71 per share, for a total transaction of $390,388.69. Following the acquisition, the director now owns 1,824,820 shares in the company, valued at $26,843,102.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders purchased 117,983 shares of company stock worth $1,747,393 in the last ninety days. Insiders own 11.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of American Public Education by 329.5% during the second quarter. Assenagon Asset Management S.A. now owns 425,064 shares of the company’s stock valued at $7,473,000 after buying an additional 326,091 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of American Public Education in the first quarter worth approximately $2,159,000. Renaissance Technologies LLC grew its stake in shares of 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 during the period. Segall Bryant & Hamill LLC acquired a new stake in American Public Education during the third quarter worth about $1,691,000. Finally, American Century Companies Inc. increased its position in American Public Education by 43.6% during 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. 79.62% of the stock is currently owned by hedge funds and other institutional investors.

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.