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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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November 20, 2014
09:06 EDTCOCOCorinthian Colleges to sell 56 Everest ,WyoTech Campuses
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November 19, 2014
07:48 EDTCOCOCorinthian Colleges not in compliance with Nasdaq listing requirements
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November 12, 2014
17:06 EDTCOCOCorinthian Colleges delays filing 10-Q
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12:41 EDTLOPE, ESI, DV, STRA, COCO, CECO, APEI, BPI, APOLFor-profit education stocks look appealing, analyst says
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08:19 EDTDV, LOPE, APEI, APOLJPMorgan to hold a conference
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07:22 EDTSTRA, LOPE, CECO, ESI, APOL, DV, BPI, APEIPiper says time to increase exposure to Education sector
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November 11, 2014
15:01 EDTDVDeVry announces death of board chair Connie Curran
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07:29 EDTLOPEGrand Canyon has many potential buyers, says Wells Fargo
Wells Fargo believes that weak Christian schools looking for momentum could buy Grand Canyon, while strong Christian schools could buy the company as a means of expanding to the West Coast. Struggling NFP student loan guarantee agencies could also look to buy the company, according to Wells, which keeps an Outperform rating on the shares.

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