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Stock Market & Financial Investment News

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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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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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