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News Breaks | | | | January 25, 2013 | | 11:05 EDT |  | EDMC, LOPE, APOL, NAUH, BPI, DV, APEI, ESI, CECO, STRA, LINC, COCO | ITT 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. | |
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News For APOL;LINC;APEI;LOPE;STRA;DV;EDMC;CECO;BPI;COCO;ESI;NAUH From The Last 14 Days Check below for free stories on APOL;LINC;APEI;LOPE;STRA;DV;EDMC;CECO;BPI;COCO;ESI;NAUH the last two weeks. |
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| June 17, 2013 | | 12:15 EDT |  | APOL | Stocks with call strike movement; APOL NFLX
 Subscribe for More Information | | | June 14, 2013 | | 11:28 EDT | | APOL | Stocks with call strike movement; APOL FSLR
Subscribe for More Information | | | 11:27 EDT |  | APEI | American Public management to meet with JPMorgan
Subscribe for More Information | | | June 13, 2013 | | 07:03 EDT |  | STRA, LINC, LOPE, COCO, CECO, EDMC, ESI, APOL, APEI, BPI, DV, NAUH | Sources differ on progress towards student loan deal, Politico says
Congressional leaders are making progress towards a deal that would prevent interest rates on college loans from automatically doubling on July 1, Education Secretary Arne Duncan stated yesterday, according to Politico. However, Capitol Hill sources indicated that the parties are still far from reaching a deal, the website reported. Reference Link | | | June 11, 2013 | | 14:02 EDT | | LINC, EDMC, ESI, APEI, STRA, CECO, COCO, APOL, LOPE, BPI, DV, NAUH | Department of Education outlines gainful employment committee parameters
Subscribe for More Information | | | 13:32 EDT |  | COCO, ESI, DV, EDMC, LINC, APEI, STRA, APOL, NAUH, LOPE, CECO, BPI | Department of Education delays Gainful Employment negotiations, says BMO Capital
Subscribe for More Information | | | 11:17 EDT | | NAUH, LOPE, STRA, ESI, EDMC, COCO, LINC, DV, BPI, CECO, APEI, APOL | For-profit education stocks slide after Corinthian gets SEC probe
Subscribe for More Information | | | 09:16 EDT | | CECO, COCO | On The Fly: Pre-market Movers
HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. | | | 07:15 EDT | | COCO | Corinthian Colleges volatility elevated into disclosing receipt of SEC subpoena
Subscribe for More Information | | | June 10, 2013 | | 18:58 EDT | | COCO, CECO | On The Fly: After Hours Movers
Subscribe for More Information | | | | 17:00 EDT | | COCO | Corinthian Colleges receives subpoena from SEC on June 6
In a regulatory filing, Corinthian Colleges disclosed that on June 6 it received a subpoena from the SEC. In a letter accompanying the subpoena, the SEC stated that it is conducting an investigation of the company. The SEC’s subpoena requests the production of documents and communications that, among other things, relate to student information in the areas of recruitment, attendance, completion, placement, defaults on federal loans and on alternative loans, as well as compliance with U.S. Department of Education financial requirements, standards and ratios (including the effect of certain borrowings under the Company’s credit facility on the company’s composite score, and 90/10 compliance), and other corporate, operational, financial and accounting matters. The company intends to cooperate with the SEC in its investigation | | | 16:59 EDT | | COCO | Corinthian Colleges trading halted, pending news
Subscribe for More Information | | | June 6, 2013 | | 16:27 EDT | | ESI | SAC Capital reports 5.3% passive stake in ITT Educational
Subscribe for More Information | | | 06:58 EDT | | BPI, STRA, APOL, APEI, CECO, LOPE, COCO, LINC, ESI, DV, EDMC, NAUH | Senate to consider two student loan bills, Politico says
Subscribe for More Information | | | June 5, 2013 | | 11:55 EDT | | APOL | Stocks with call strike movement; MU APOL
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