Pacific Ridge Capital Partners LLC Cuts Position in American Public Education, Inc. $APEI

Pacific Ridge Capital Partners LLC cut its holdings in American Public Education, Inc. (NASDAQ:APEI) by 15.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,225 shares of the company’s stock after selling 32,108 shares during the period. American Public Education comprises approximately 1.5% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 25th biggest holding. Pacific Ridge Capital Partners LLC owned about 0.95% of American Public Education worth $6,798,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in American Public Education in the 3rd quarter valued at $40,000. Osaic Holdings Inc. raised its stake in shares of American Public Education by 5,909.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,262 shares of the company’s stock worth $38,000 after purchasing an additional 1,241 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of American Public Education by 84.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,616 shares of the company’s stock worth $49,000 after buying an additional 738 shares during the last quarter. Legal & General Group Plc grew its position in American Public Education by 40.5% during the second quarter. Legal & General Group Plc now owns 1,914 shares of the company’s stock valued at $58,000 after buying an additional 552 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in American Public Education by 96.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock worth $81,000 after buying an additional 1,298 shares during the last quarter. 79.62% of the stock is currently owned by institutional investors.

American Public Education Price Performance

Shares of NASDAQ APEI opened at $45.64 on Thursday. The stock’s 50-day simple moving average is $41.20 and its two-hundred day simple moving average is $36.81. American Public Education, Inc. has a twelve month low of $18.76 and a twelve month high of $46.06. The firm has a market capitalization of $825.17 million, a P/E ratio of 34.58, a P/E/G ratio of 1.36 and a beta of 1.71. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

APEI has been the topic of a number of research analyst reports. Northland Securities set a $51.00 target price on shares of American Public Education in a research note on Wednesday, February 18th. B. Riley Financial upped their price objective on American Public Education from $40.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Public Education in a report on Monday, December 29th. Griffin Securities set a $53.00 target price on American Public Education in a research note on Tuesday, January 27th. Finally, Truist Financial upped their price target on American Public Education from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.14.

American Public Education Company Profile

American Public Education, Inc operates as a provider of online postsecondary education, offering degree and certificate programs through its wholly owned subsidiary, American Public University System (APUS). The company designs and delivers a broad range of undergraduate and graduate programs in fields such as business administration, information technology, criminal justice, homeland security, health sciences, and education. Its curriculum is developed to meet the needs of working adults, military personnel, veterans and civilian students seeking flexible, career-relevant learning opportunities.

APUS is regionally accredited by the Middle States Commission on Higher Education and employs a proprietary online learning platform that supports asynchronous instruction, digital course materials and interactive learning tools.