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Stock Market & Financial Investment News

News Breaks
March 22, 2013
10:19 EDTLINC, ESI, EDMC, APEI, DV, NAUH, STRA, APOL, COCO, LOPE, BPI, CECOAmerican Public Education climbs following Wells Fargo upgrade
American Public Education (APEI), a for-profit education company that focuses on serving members of the military, is climbing after Wells Fargo analyst Trace Urdan upgraded the stock to Outperform from Market Perform in a note to investors earlier today. The budget extension passed by Congress this week restores funding for a program that pays for members of the military to take college courses, Urdan stated. Moreover, the sequester could reduce the number of people serving in the military by as much as 200,000 by the end of this year, according to Urdan, who cited an estimate by the House Armed Services Committee staff. A large number of those leaving the military are likely to use the Post 9/11 GI bill to obtain additional training and degrees, the analyst wrote. Urdan raised his price target on the stock to $37-$41 from $27-$33. In early trading, the stock climbed $1, or 3%, to $35. Other for-profit education stocks also rose, with Apollo Group (APOL) gaining 2% to $17.20, Grand Canyon (LOPE) climbing 1.3% to $25.10 and Education Management Corp (EDMC) advancing 1.6% to $3.75.
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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April 24, 2015
16:19 EDTDVOn The Fly: Top stock stories for Friday
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12:49 EDTDVOn The Fly: Top stock stories at midday
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April 23, 2015
19:16 EDTDVOn The Fly: After Hours Movers
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16:29 EDTDVDeVry reports overall postsecondary enrollments up 18% in Q3
“Today we have announced the next phase of the significant transformation strategy underway at DeVry University to improve its competitive positioning and return the institution to growth. We are confident that this strategy, together with the sustained expansion of our healthcare, professional and international institutions will drive positive student outcomes and DeVry Group’s future growth,” said CEO Daniel Hamburger.
16:28 EDTDVDeVry reports Q3 EPS ex-items 70c, consensus 68c
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April 17, 2015
18:14 EDTDVDeVry receives requests for documents from U.S. Attorney Office
On April 10, DeVry Education Group received from the Office of the United States Attorney for the Northern District of Ohio compulsory requests for documents and information from 2007 through April 1, 2015. The requests address allegations under the False Claims Act that DeVry University offered an associate degree program in Health Information Technology without providing necessary information to applicants regarding requirements for obtaining a degree and a job in the health information technology field upon graduation. DeVry Group intends to cooperate 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.
April 15, 2015
05:55 EDTCOCOCorinthian Colleges fined $30M for 'misrepresentation' by U.S. DOE
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