New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 25, 2013
11:05 EDTESI, CECO, STRA, LINC, COCO, EDMC, LOPE, APOL, NAUH, BPI, DV, APEIITT 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
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2015
10:27 EDTAPOLApollo Education slides after receiving CID from FTC
Subscribe for More Information
10:07 EDTAPOLHigh option volume stocks:
Subscribe for More Information
06:31 EDTSTRAStrayer reports total enrollments for summer term up 2% to 37,221
Total enrollments at Strayer University for the summer term 2015 increased 2% to 37,221 students compared to 36,403 students for the summer term 2014. New student enrollments increased by 4%, and continuing student enrollments increased by 2%.
06:31 EDTSTRAStrayer reports Q2 EPS $1.11, consensus 99c
Subscribe for More Information
July 27, 2015
14:38 EDTLINCHeartland Advisors reports 18.5% passive stake in Lincoln Educational
Subscribe for More Information
July 17, 2015
16:16 EDTBPIWSCUC says Bridgepoint Education unit Ashford makes progress
On July 15 , Ashford University, a wholly owned subsidiary of Bridgepoint Education received an Action Letter from WASC Senior College and University Commission outlining the findings of the WSCUC Special Visit team arising out of its special visit to Ashford University conducted April 8-10. Upon granting initial accreditation to Ashford University in 2013, WSCUC scheduled the special visit to address six issues requiring continued attention. The Action Letter states that the Special Visit team found substantial evidence that Ashford University continues to make sustained progress in all six areas recommended by WSCUC in 2013.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use