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Stock Market & Financial Investment News

News Breaks
March 4, 2013
14:43 EDTCOCO, LOPE, BPI, CECO, LINC, ESI, EDMC, APEI, DV, NAUH, STRA, APOLFor-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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July 29, 2015
10:27 EDTAPOLApollo Education slides after receiving CID from FTC
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10:07 EDTAPOLHigh option volume stocks:
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06:31 EDTSTRAStrayer reports total enrollments for summer term up 2% to 37,221
Total enrollments at Strayer University for the summer term 2015 increased 2% to 37,221 students compared to 36,403 students for the summer term 2014. New student enrollments increased by 4%, and continuing student enrollments increased by 2%.
06:31 EDTSTRAStrayer reports Q2 EPS $1.11, consensus 99c
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July 27, 2015
14:38 EDTLINCHeartland Advisors reports 18.5% passive stake in Lincoln Educational
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July 17, 2015
16:16 EDTBPIWSCUC says Bridgepoint Education unit Ashford makes progress
On July 15 , Ashford University, a wholly owned subsidiary of Bridgepoint Education received an Action Letter from WASC Senior College and University Commission outlining the findings of the WSCUC Special Visit team arising out of its special visit to Ashford University conducted April 8-10. Upon granting initial accreditation to Ashford University in 2013, WSCUC scheduled the special visit to address six issues requiring continued attention. The Action Letter states that the Special Visit team found substantial evidence that Ashford University continues to make sustained progress in all six areas recommended by WSCUC in 2013.

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