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February 26, 2013
10:07 EDTAPEI, COCO, LINC, NAUH, LOPE, ESI, STRA, BPI, EDMC, APOL, CECO, DVApollo falls after being placed on probation by accreditor
Apollo Group (APOL) disclosed in a regulatory filing last night that a team appointed by its accreditor had recommended that the company's main university be placed on probation. The team appointed by the Higher Learning Commission, a regional accreditor, recommended that Apollo's University of Phoenix be placed on probation because the school is not in compliance with regulations related to administrative structure and governance, Apollo reported. More specifically, the team found that Apollo has not given the university enough autonomy. In a note to investors earlier today, William Blair analyst Brandon Dobell wrote that he expects the Higher Learning Commission to uphold the findings of its team in June, and place University of Phoenix on probation until fall of 2014. The university will have to prove to the Higher Learning Commission, or HLC, that it has fixed the issues identified by that time, Dobell reported, adding that the university could lose its accreditation if the HLC determines that it is still not in compliance. While the analyst believes that the University of Phoenix's accreditation status will affect Apollo's shares until the university is removed from probation, he thinks it is "extremely unlikely" that the school will lose its accreditation. Dobell maintained a Market Perform rating on Apollo. He noted that the following for-profit education companies have obtained accreditation from the Higher Learning Commission: Bridgepoint (BPI), DeVry (DV), Grand Canyon University (LOPE); American Public University (APEI); Capella University (CPLA); Career Education (CECO); Education Management (EDMC); National American University (NAUH); Corinthian (COCO); and Kaplan (WPO). In early trading, shares of Apollo are down 24c to $17.59.
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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July 31, 2014
16:37 EDTLOPEGrand Canyon sees FY14 EPS $2.21, consensus $2.17
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16:36 EDTLOPEGrand Canyon sees Q3 EPS 53c, consensus 53c
Sees Q3 revenue $169.0M, consensus $168.4M. Target operating margin 24.7%. Sees Q3 student counts of 67,000. For Q4, sees net revenue of $181.6M; target operating margin 27.8%; EPS 63c; student counts of 66,700.
16:34 EDTLOPEGrand Canyon reports Q2 EPS 49c, consensus 45c
Reports Q2 revenue $158.6M, consensus $156.18M. At June 30, enrollment was 57,707, an increase of 12.7% from June 30, 2013. Ground enrollment increased 38.7% to 4,738 from June 30, 2013. Online enrollment increased 10.8% to 52,969 from June 30, 2013.
06:43 EDTSTRAStrayer announces CFO Mark Brown to retire on March 1, 2015
Brown will be replaced by Daniel Jackson, who is being promoted from his current role as Senior Vice President and Treasurer. Jackson joined Strayer Education in 2003, and has served as Vice President of Finance and Regional Vice President of Operations, among other roles.
06:43 EDTSTRAStrayer reports summer term down 6% to 36,403 compared to 38,627 a year ago
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06:42 EDTSTRAStrayer reports Q2 EPS $1.29, consensus $1.27
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July 30, 2014
11:14 EDTBPIHigh option volume stocks
High option volume stocks: EXAM ASML EWY TQNT NFX RFMD RATE BPI GALT ZLTQ
July 29, 2014
10:37 EDTSTRAStrayer upgraded to Hold from Sell at Deutsche Bank
July 28, 2014
08:04 EDTBPIBridgepoint Education discloses SEC subpoena, Massachusetts investigative demand
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July 21, 2014
10:32 EDTCOCOCorinthian Colleges confirms appointment of independent monitor
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July 20, 2014
15:51 EDTCOCOEducation Department names team to monitor Corinthian Colleges
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July 18, 2014
08:33 EDTDVDeVry discloses receipt of letter from NY AG regarding ads, marketing
DeVry disclosed in a regulatory filing that on July 15 DeVry Group received a letter from the Office of the Attorney General of the State of New York requesting cooperation with the NYOAG’s inquiry into whether recent television advertisements and website marketing regarding DeVry University may have violated federal and state laws prohibiting false advertising and deceptive practices. The letter requests relevant information from January 1, 2011, to the present to enable NYOAG to make a determination of what action, if any, is warranted. "DeVry Group intends to provide the Office of the Attorney General with its full cooperation with a view toward demonstrating the compliant nature of its practices. The timing or outcome of this matter, or its possible impact on DeVry Group’s business, financial condition or results of operations, cannot be predicted at this time," the company stated.
July 17, 2014
08:05 EDTCECOHLC continues accreditation for American InterCollege University
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