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Stock Market & Financial Investment News

News Breaks
January 25, 2013
11:05 EDTCOCO, EDMC, LOPE, APOL, NAUH, BPI, DV, APEI, ESI, CECO, STRA, LINCITT Educational retreats though analysts differ on prospects
Several for-profit education stocks are retreating after Citigroup analyst James Samford issued a note on for-profit education company ITT Educational Services (ESI). In a note to investors earlier today, Samford wrote that the rally by the company's stock yesterday was "unwarranted." ITT reported a fourth quarter loss due to write-downs and charges, and the company has still not reserved enough capital to cover the costs of the private student loans it has guaranteed, Samford wrote. ITT confirmed this assessment, the analyst reported. Moreover, the company rolled out new scholarships which are expected to trigger an improvement in its enrollment outlook, but will cause revenue per student and margins to drop significantly, added Samford. Citi reiterated its Sell rating on ITT shares. Conversely, William Blair analyst Brandon Dobell wrote that ITT's losses on student loans it has guaranteed appear to be more limited than some investors had assumed. The company has become more transparent about its loan default outlook, making the stock "more investable," according to Dobell, who maintained an Outperform rating on the shares. In mid-morning trading, ITT Educational tumbled 7.35% to $15.62, Strayer (STRA) sank 3.15% to $54.19, Apollo Group (APOL) dropped 1.75% to $20.20 and Bridgepoint Education (BPI) gave back $1.52% to $10.40.
News For APOL;LINC;APEI;LOPE;STRA;DV;EDMC;CECO;BPI;COCO;ESI;NAUH From The Last 14 Days
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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
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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