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Stock Market & Financial Investment News

News Breaks
June 9, 2014
09:16 EDTNNI, FMD, SLM, APOL, CECO, BPI, ESI, DV, LOPE, STRA, APEI, COCOObama to ease student debt burden, NY Times reports
President Obama will announce a number of steps to ease the burden of student loan debt, including allowing an estimated 5M additional debtors to benefit from a cap of their repayments at 10% of their income, The New York Times reported on Saturday. The president is expected to announce the initiatives later today, the newspaper stated. Comapneis that lend to students include First Marblehead (FMD), Nelnet (NNI), and SLM Corp (SLM). Publicly traded for-profit education comapnies include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA).
News For APEI;DV;CECO;STRA;ESI;COCO;LOPE;BPI;APOL;FMD;NNI;SLM From The Last 14 Days
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March 6, 2015
07:28 EDTCECOCareer Education price target raised to $9-$11 from $7-$9 at Wells Fargo
Wells Fargo increased its price target on Career Education after the company reported weaker than expected results but estimated that its EBITDA, excluding certain items, would be positive in fiscal 2015., while the total enrollment of its university growth would increase modestly in fiscal 2015. Wells Fargo believes that the company's turnaround is continuing, while it could sell assets that burn cash and do not comply with gainful employment rules. The firm keeps an Outperform rating on the shares.
March 5, 2015
07:40 EDTLOPEITG Research holds a field trip
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March 3, 2015
16:12 EDTCECOCareer Education sees positive FY15 adjusted EBITDA
An update on the company’s expectations for performance and general business outlook for full year 2015 include: Modest growth in total student enrollments for the year within its University group, with online being the primary contributor; Positive adjusted EBITDA for full year 2015 from ongoing operations, which excludes the Transitional Group and campuses held for sale; Reduce operating expenses by an additional $40M based on actions that were taken in 2014; Continued progress on reductions of real estate obligations; End fiscal year 2015 with over $190M in total cash, cash equivalents, restricted cash and short-term investments.
16:10 EDTCECOCareer Education reports Q4 EPS (38c), consensus (30c)
Reports Q4 revenue $174.2M, consensus $232.51M. For the fourth quarter of 2014, total student enrollments for ongoing operations decreased 4.5% compared to the prior year quarter.
February 26, 2015
17:44 EDTNNINelnet reports Q4 adjusted EPS $1.60, consensus $1.48
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16:08 EDTAPEIAmerican Public Education reports Q4 EPS 68c, consensus 53c
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10:56 EDTAPOLOptions with increasing implied volatility
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February 24, 2015
10:45 EDTAPOLApollo Education calls active on renewed takeover chatter
Apollo Education March 28, 29 and April 30 calls are active on total call volume of 4,900 contracts (200 puts) on renewed takeover chatter. March call option implied volatility is at 28, April is at 37, May is at 35; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:35 EDTAPOLRumor: Apollo Education moves up on renewed takeover chatter
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February 20, 2015
16:21 EDTCOCOCorinthian Colleges subsidiary files for Canadian bankruptcy protection
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