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News Breaks | | | | February 26, 2013 | | 10:07 EDT |  | APEI, COCO, LINC, NAUH, LOPE, ESI, STRA, BPI, EDMC, APOL, CECO, DV | Apollo 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. | |
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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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