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Stock Market & Financial Investment News

News Breaks
March 4, 2013
14:43 EDTAPEI, COCO, LINC, NAUH, LOPE, ESI, STRA, BPI, EDMC, APOL, CECO, DVFor-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 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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