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Stock Market & Financial Investment News

News Breaks
January 25, 2013
11:05 EDTAPOL, ESI, COCO, BPI, CECO, EDMC, DV, STRA, LOPE, APEI, LINC, NAUHITT 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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August 1, 2014
07:30 EDTDVDeVry upgraded at Stifel
As previously reported, Stifel upgraded DeVry to Buy from Hold. The firm believes earnings will turn positive in 2014 and that the mix shift towards Medical and International Business will lead to growth and substantial earnings power. Price target is $48.
06:38 EDTDVDeVry upgraded to Buy from Hold at Stifel
Price target is $48.
05:50 EDTSTRAStrayer upgraded to Outperform from Market Perform at Wells Fargo
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05:49 EDTSTRAStrayer upgraded to Outperform from Market Perform at BMO Capital
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05:46 EDTSTRAStrayer upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray upgraded Strayer to Neutral with a $53 price target citing stabilizing results following the company's Q2 report.
July 31, 2014
16:37 EDTLOPEGrand Canyon sees FY14 EPS $2.21, consensus $2.17
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16:36 EDTLOPEGrand Canyon sees Q3 EPS 53c, consensus 53c
Sees Q3 revenue $169.0M, consensus $168.4M. Target operating margin 24.7%. Sees Q3 student counts of 67,000. For Q4, sees net revenue of $181.6M; target operating margin 27.8%; EPS 63c; student counts of 66,700.
16:34 EDTLOPEGrand Canyon reports Q2 EPS 49c, consensus 45c
Reports Q2 revenue $158.6M, consensus $156.18M. At June 30, enrollment was 57,707, an increase of 12.7% from June 30, 2013. Ground enrollment increased 38.7% to 4,738 from June 30, 2013. Online enrollment increased 10.8% to 52,969 from June 30, 2013.
06:43 EDTSTRAStrayer announces CFO Mark Brown to retire on March 1, 2015
Brown will be replaced by Daniel Jackson, who is being promoted from his current role as Senior Vice President and Treasurer. Jackson joined Strayer Education in 2003, and has served as Vice President of Finance and Regional Vice President of Operations, among other roles.
06:43 EDTSTRAStrayer reports summer term down 6% to 36,403 compared to 38,627 a year ago
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06:42 EDTSTRAStrayer reports Q2 EPS $1.29, consensus $1.27
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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.

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