Ritholtz Wealth Management Decreases Stake in American Public Education, Inc. (NASDAQ:APEI)

Ritholtz Wealth Management reduced its stake in American Public Education, Inc. (NASDAQ:APEI) by 9.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,611 shares of the company’s stock after selling 1,492 shares during the period. Ritholtz Wealth Management’s holdings in American Public Education were worth $294,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APEI. Rhumbline Advisers raised its stake in American Public Education by 4,483.4% in the 2nd quarter. Rhumbline Advisers now owns 22,046 shares of the company’s stock valued at $388,000 after acquiring an additional 21,565 shares during the period. American Century Companies Inc. grew its stake in American Public Education by 43.6% in the 2nd quarter. American Century Companies Inc. now owns 351,644 shares of the company’s stock valued at $6,182,000 after buying an additional 106,689 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Public Education by 7.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 592,213 shares of the company’s stock valued at $10,411,000 after acquiring an additional 42,984 shares during the period. Sei Investments Co. purchased a new position in shares of American Public Education in the second quarter valued at $302,000. Finally, Quarry LP lifted its holdings in American Public Education by 94.0% during the 2nd quarter. Quarry LP now owns 4,666 shares of the company’s stock worth $82,000 after purchasing an additional 2,261 shares in the last quarter. 79.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on APEI. B. Riley boosted their price objective on shares of American Public Education from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com raised American Public Education from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd. Truist Financial lifted 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. Finally, Barrington Research upped their price objective on American Public Education from $18.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th.

American Public Education Trading Up 4.4 %

NASDAQ APEI opened at $22.46 on Wednesday. The stock has a 50-day moving average of $20.91 and a 200-day moving average of $17.61. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.37. American Public Education, Inc. has a 1-year low of $10.15 and a 1-year high of $23.84. The firm has a market cap of $397.77 million, a PE ratio of 40.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.29.

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.