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Stock Market & Financial Investment News

News Breaks
March 5, 2013
10:19 EDTAPOL, COCO, LINC, NAUH, LOPE, ESI, STRA, BPI, EDMC, CECO, APEI, DVApollo Group rallies after Deutsche Bank upgrade
For-profit education company Apollo Group (APOL) is climbing after Deutsche Bank analyst Paul Ginocchio upgraded the stock to Hold from Sell in a note to investors earlier today. The valuation of University of Phoenix students reflected by the stock has reached "pretty distressed levels," wrote the analyst. Even if the company's enrollment trends deteriorate farther, the stock is unlikely to fall much below current levels, the analyst believes. The company's Learning Management System - which uses advanced computer learning features to adapt teaching methods to individual students - is worth $2-$6 per share, Ginocchio contends. This system and the company's cash justify a share price of $10-$16 without factoring in the University of Phoenix, the analyst wrote. Finally, the changes that Apollo must make to retain accreditation from the Higher Learning Commission should not significantly lower the company's enrollment trends or increase its costs, added Ginocchio, who retained a $17 price target on the shares. In mid-morning trading, Apollo Group jumped 85c, or 5% to $17. Other for-profit education companies also advanced, with ITT Educational (ESI) gaining 3% to $12.75, Grand Canyon (LOPE) rising 1.7% to $23.45, and Strayer (STRA) climbing 1.2% to $47.50.
News For APOL;APEI;CECO;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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September 18, 2014
11:12 EDTCECOCareer Education CEO says committed to turnaround
CEO Scott Steffey says "well on way" to accomplishing turnaround goals. Says previously forecast $75M of savings in operating expenses by end of Q2, says has achieved $63M already. Says well on the way to achieving or surpassing $75M figure. Says "very well capitalized" for turnaround. Sees favorable market dynamics ahead. Comments made at the BMO Capital Markets Back to School Education Conference.
10:34 EDTEDMCHigh option volume stocks
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07:17 EDTSTRA, CECO, DV, BPI, APOL, APEIBMO Capital to hold a conference
14th Annual Back to School Education Conference to be held in New York on September 18 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
06:59 EDTCECOCareer Education comments on objectives to turnaround strategy
Says priorities in turnaround strategy include: Strengthening academic outcomes, generating modest university total student enrollment growth, reducing organizational cost structure, stabilizing career school enrollments, completing the teach out of transitional schools. Says regularly evaluates company's assets to determine where best to deploy capital. Comments from slides that will be presented at the BMO Capital Markets Back to School Education Conference.
September 16, 2014
17:05 EDTEDMCEducation Management files to delay 10-K
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13:00 EDTCOCOCorinthian Colleges sued by CFPB over predatory loans, Reuters says
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September 15, 2014
12:04 EDTDVDeVry management to meet with Piper Jaffray
Meeting to be held in New York on September 17 hosted by Piper Jaffray.
September 11, 2014
13:02 EDTDVDeVry to acquire Faculdade Martha Falc„o
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08:04 EDTLINCLincoln Educational CFO to take temporary medical leave of absence
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September 10, 2014
08:32 EDTSTRA, LOPE, ESI, APOL, DVBofA/Merrill education/prof svcs analyst has analyst/industry conference call
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September 9, 2014
07:26 EDTAPEIDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 9 at 10:30 am; not all company presentations may be webcasted. Webcast Link
September 8, 2014
14:52 EDTEDMCEducation Management requests withdrawal of registration statement
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September 4, 2014
15:50 EDTEDMCEducation Management downgraded to Underperform at Wells Fargo
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