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News Breaks | | | | February 7, 2013 | | 11:24 EDT |  | ESI, EDMC, APEI, DV, NAUH, STRA, APOL, COCO, LOPE, BPI, CECO, LINC | For-profit education stocks rally after DeVry beats expectations
For-profit education stocks are climbing after one of the largest companies in the sector, DeVry (DV), reported stronger than expected second quarter results last night. DeVry's earnings excluding one-time items came in at 87c, versus analysts' consensus estimate of 56c. The company's revenue was slightly higher than expected. DeVry said that its costs in the second quarter were below its previous outlook, partly due to the deferral of some expenses into the third quarter. DeVry now expects to reduce its costs by $80M in the current fiscal year, up from its previous total of $60M. Undergraduate enrollment at the company's flagship DeVry University dropped 15.5% for the November 2012 session compared with the same period a year earlier and graduate student enrollment tumbled 16% during the same period. The total number of online undergraduate and graduate coursetakers in the November session decreased 11.7%, the company added. On a positive note, total enrollment at the company's Chamberlain College of Nursing surged 13.5%. In a note to investors earlier today, JPMorgan analyst Jeffrey Volshteyn upgraded his rating on the stock to Neutral from Underwegiht. While DeVry University's enrollment was weak, the company's other schools posted "stellar" results, the analyst wrote, adding that the company's diversification strategy appears to be working. Volshteyn increased his target on the shares to $28 from $22. In late morning trading, Apollo Group (APOL) climbed 3% to $20.60, Strayer (STRA) rallied 5% to $61, Grand Canyon (LOPE) rose 4% to $25.50, and ITT Educational (ESI) soared 7.5% to $18.07. Meanwhile, DeVry shares jumped over 20% to $31.41. | |
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News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days Check below for free stories on APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV the last two weeks. |
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| May 17, 2013 | | 16:41 EDT | | EDMC | Education Management discloses receipt of subpoena from SEC
Education Management disclosed in a regulatory filing that on May 13, the company received a subpoena from the division of enforcement of the Securities and Exchange Commission requesting documents and information relating to the letters of credit the company posted with the U.S. Department of Education and the company's compliance with the U.S. Department of Education's standards of financial responsibility for participation in Title IV programs. The company intends to cooperate with the SEC in its investigation. | | | 12:52 EDT |  | ESI | ITT Educational spikes higher, levels to watch
The shares have essentially moved sideways for much of the week, but today spiked in the later morning, now up over 10% to $27.28. At that price, next resistance is at $28.63. Support is at $26.06. | | | May 16, 2013 | | 14:47 EDT |  | LOPE | Grand Canyon management to meet with JPMorgan
Meeting to be held in Boston on May 21 hosted by JPMorgan. | | | 11:19 EDT |  | COCO | High option volume stocks: NM WWAV COCO DRYS LUV
 Subscribe for More Information | | | May 15, 2013 | | 10:13 EDT |  | ESI | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:34 EDT | | ESI | ITT Educational downgraded to Equal Weight from Overweight at First Analysis
Subscribe for More Information | | | May 14, 2013 | | 16:09 EDT | | DV | DeVry acquires Faculdade Diferencial Integral located in Brazil
DeVry announced it will acquire privately-held Faculdade Diferencial Integral, located in the state of Piaui, Brazil. Facid currently serves approximately 2,500 students at two campuses in the city of Teresina, and offers degree programs primarily in healthcare, including a Doctor of Medicine program. The transaction is expected to be complete in early July; terms were not disclosed. Facid will become a part of DeVry Brasil, which currently operates five institutions at nine campuses in northeast Brazil. | | | 12:00 EDT | | ESI | ITT Educational rises 14.7%
Subscribe for More Information | | | May 13, 2013 | | 11:49 EDT |  | APOL | Apollo Group accreditation news a minor positive, says William Blair
Subscribe for More Information | | | 09:01 EDT | | ESI | ITT Educational falls 3.3%
Subscribe for More Information | | | | May 10, 2013 | | 17:10 EDT |  | BPI | Bridgepoint Education revises Q1 EPS to 49c from 43c
Subscribe for More Information | | | 16:36 EDT | | NAUH | National American University appoints Dr. Samuel Kerr as COO
Subscribe for More Information | | | 10:01 EDT |  | DV, EDMC, LOPE, ESI, NAUH, STRA, LINC, COCO, APEI, APOL, BPI, CECO | House GOP proposes reform of student loan interest rates, The Hill says
Subscribe for More Information | | | 10:00 EDT | | LOPE | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:17 EDT | | LOPE | Grand Canyon downgraded to Neutral from Outperform at RW Baird
Subscribe for More Information | | | May 9, 2013 | | 16:23 EDT | | APEI | American Public announces minority investment in Fidelis Education
American Public Education parent company of online learning provider American Public University System , APUS, which operates through American Military University,AMU, and American Public University, APU, today announced that it has made a $4M minority investment in Fidelis Education. | | | 16:21 EDT | | APEI | American Public sees Q2 EPS 53c-58c, consensus 59c
| | | 16:20 EDT | | APEI | American Public reports Q1 EPS 63c , consensus 58c
Reports Q1 revenue $83.8M, consensus $84.34M. | | | 11:54 EDT | | APOL | Stocks with call strike movement; GNW APOL
Subscribe for More Information | | | May 8, 2013 | | 13:59 EDT | | LOPE, NAUH, DV, LINC, APOL, CECO, STRA, EDMC, ESI, APEI, BPI, COCO | For-profit education stocks rally after Grand Canyon results
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