Connor Clark & Lunn Investment Management Ltd. Acquires 47,293 Shares of American Public Education, Inc. (NASDAQ:APEI)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of American Public Education, Inc. (NASDAQ:APEI) by 140.7% in the third quarter, Holdings Channel.com reports. The fund owned 80,906 shares of the company’s stock after purchasing an additional 47,293 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in American Public Education were worth $1,193,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in APEI. Assenagon Asset Management S.A. lifted its stake in 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 worth $7,473,000 after purchasing an additional 326,091 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of American Public Education during the 1st quarter worth approximately $2,159,000. Renaissance Technologies LLC boosted its stake in American Public Education by 14.5% in 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 in the last quarter. Segall Bryant & Hamill LLC bought a new stake in American Public Education in the third quarter valued at $1,691,000. Finally, American Century Companies Inc. raised its stake in American Public Education by 43.6% during the second quarter. American Century Companies Inc. now owns 351,644 shares of the company’s stock worth $6,182,000 after acquiring an additional 106,689 shares in the last quarter. 79.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Michael David Braner bought 17,872 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was bought at an average price of $16.77 per share, for a total transaction of $299,713.44. Following the completion of the transaction, the director now directly owns 1,922,610 shares in the company, valued at $32,242,169.70. The trade was a 0.94 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.38% of the stock is currently owned by corporate insiders.

American Public Education Price Performance

Shares of APEI stock opened at $20.52 on Wednesday. American Public Education, Inc. has a 1 year low of $6.69 and a 1 year high of $21.04. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $15.69 and its 200-day moving average is $16.45. The firm has a market capitalization of $363.41 million, a price-to-earnings ratio of 36.64, a PEG ratio of 2.75 and a beta of 1.24.

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.