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Stock Market & Financial Investment News

News Breaks
March 4, 2013
14:43 EDTAPEI, DV, NAUH, STRA, APOL, COCO, LOPE, BPI, CECO, LINC, ESI, EDMCFor-profit education stocks sink after Senate Democrats propose crackdown
Shares of for-profit education companies are sinking after Senate Democrats proposed a bill that would strengthen the Department of Education's oversight of these companies. The legislation would require the department to conduct reviews of colleges that are spending more than 20% of their revenue on recruiting and marketing and obtain more than 85% of their revenue from federal student aid programs, according to a summary of the bill posted on the website of Democratic Senator Frank Lautenberg. The reviews would assess several areas, including the schools' use of incentive compensation, graduation rates, and misuse of federal funds, the summary added. In a note to investors earlier today, BMO Capital wrote that it believes the bill is unlikely to become law, and that the sell-off in the sector is "a bit severe." However, the firm added that it does understand why investors are concerned about the legislation. In mid-afternoon trading, Apollo Group (APOL) fell 3.4% to $16.08, Career Education (CECO) slid 9.3% to $2.72, Strayer (STRA) dropped 4% to $46.86, ITT Educational (ESI) tumbled 7% to $12.60 and DeVry (DV) declined 1.2% to $29.63.
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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May 29, 2015
10:45 EDTESIOptions with increasing volume
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10:09 EDTESIHigh option volume stocks
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10:07 EDTESIITT Educational sees 2015 new student enrollment down 10%-15%
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10:05 EDTESIITT Educational says 2014 audit completed
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09:59 EDTESIITT Educational reports FY14 EPS $1.23, consensus $1.02
Reports FY14 revenue $961.78M, consensus $953.43M. FY14 results reported in 10-K filing. ITT Educational shares are up 84c, or 35%, to $3.25 in early trading following the company's regulatory filing.
09:50 EDTESIITT Educational jumps 51% to $3.63
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May 20, 2015
17:28 EDTESIITT Technical Institutes seeks reinstatement by California veteran's agency
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09:34 EDTSTRASenate Health, Ed, Labor & Pensions Committee to hold a hearing
The Committee holds a hearing entitled, "Reauthorizing the Higher Education Act: Exploring Institutional Risk-Sharing" with Executive Chairman of Strayer Education, Robert Silberman on May 20 at 10 am. Webcast Link
May 18, 2015
17:08 EDTCECOBlum Capital Partners lowers stake in Career Education to 4.9% from 5.8%
10:01 EDTDVOn The Fly: Analyst Downgrade Summary
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10:00 EDTBPIBridgepoint Education management to meet with Barrington
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06:48 EDTDVDeVry downgraded to Hold from Buy at Deutsche Bank
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May 15, 2015
06:04 EDTESIITT Educational implied volatility of 190 at upper end of index

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