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News Breaks | | | | November 9, 2012 | | 10:23 EDT |  | DV, LOPE, BPI, APEI, EDMC, NAUH, COCO, ESI, CECO, APOL, LINC, STRA | For profit education companies sink after Strayer guidance miss
Many for-profit education stocks are retreating after Strayer Education (STRA) predicted that its fourth quarter profit would be significantly below Wall Street's expectations. Strayer's full-year earnings per share outlook was also well below analysts' consensus estimate. Moreover, the company announced that it was suspending its dividend in 2013, and said that its enrollment dropped 4.6% in the third quarter. However, on a positive note new student enrollments did surge 40% compared with the same period in 2011. In mid-morning trading, Strayer tumbled $6.32, or 11.25%, to $49.85, while Bridgepoint Education (BPI) gave back 2.43% to $8.83, Grand Canyon (LOPE) retreated 3.06% to $21.55, and Corinthian Colleges (COCO) lost 1.73% to 42.27. | |
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News For BPI;LINC;COCO;LOPE;APOL;NAUH;DV;CECO;EDMC;STRA;ESI;APEI From The Last 14 Days Check below for free stories on BPI;LINC;COCO;LOPE;APOL;NAUH;DV;CECO;EDMC;STRA;ESI;APEI the last two weeks. |
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| May 24, 2013 | | 10:22 EDT |  | STRA, NAUH, LOPE, LINC, ESI, DV, COCO, CECO, BPI, APEI, APOL, EDMC | Boehner defends student loan bill, White House threatens veto, Politico says
GOP House Speaker John Boehner defended the student loan legislation that the House passed yesterday, according to Politico. The bill would tie student loan rates to Treasury note rates, and would cause an increase of less than two percentage points in student loan rates this year, the website stated. The White House has threatened to veto the bill, as it believes that the legislation would cause rates to jump when the economy improves, Politico stated. Student loan interest rates will double on July 1 if Congress doesn't take action. | | | May 23, 2013 | | 11:49 EDT |  | APOL | Stocks with call strike movement; NFLX APOL
 Subscribe for More Information | | | May 22, 2013 | | 08:14 EDT | | APOL | Apollo Group's University of Phoenix and Cleantech Open form internship program
The Apollo Group, parent company of the University of Phoenix, and the Cleantech Open, the world’s largest cleantech accelerator, are launching a new internship program that provides University students and alumni the opportunity to work alongside senior management of the Cleantech Open to foster the next generation of entrepreneurs creating tomorrow’s clean and sustainable technologies. As the official education partner of the Cleantech Open, University of Phoenix provides clean-technology and business curriculum to semifinalists, finalists and alumni companies of the Cleantech Open. | | | May 21, 2013 | | 07:21 EDT |  | APEI, DV, COCO, BPI | BofA/Merrill to host a conference
2013 Services One-on-One Conference is being held in New York on May 21-22. | | | May 17, 2013 | | 16:41 EDT | | EDMC | Education Management discloses receipt of subpoena from SEC
Education Management disclosed in a regulatory filing that on May 13, the company received a subpoena from the division of enforcement of the Securities and Exchange Commission requesting documents and information relating to the letters of credit the company posted with the U.S. Department of Education and the company's compliance with the U.S. Department of Education's standards of financial responsibility for participation in Title IV programs. The company intends to cooperate with the SEC in its investigation. | | | 12:52 EDT |  | ESI | ITT Educational spikes higher, levels to watch
The shares have essentially moved sideways for much of the week, but today spiked in the later morning, now up over 10% to $27.28. At that price, next resistance is at $28.63. Support is at $26.06. | | | May 16, 2013 | | 14:47 EDT | | LOPE | Grand Canyon management to meet with JPMorgan
Meeting to be held in Boston on May 21 hosted by JPMorgan. | | | 11:19 EDT | | COCO | High option volume stocks: NM WWAV COCO DRYS LUV
Subscribe for More Information | | | May 15, 2013 | | 10:13 EDT |  | ESI | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:34 EDT | | ESI | ITT Educational downgraded to Equal Weight from Overweight at First Analysis
Subscribe for More Information | | | | May 14, 2013 | | 16:09 EDT | | DV | DeVry acquires Faculdade Diferencial Integral located in Brazil
DeVry announced it will acquire privately-held Faculdade Diferencial Integral, located in the state of Piaui, Brazil. Facid currently serves approximately 2,500 students at two campuses in the city of Teresina, and offers degree programs primarily in healthcare, including a Doctor of Medicine program. The transaction is expected to be complete in early July; terms were not disclosed. Facid will become a part of DeVry Brasil, which currently operates five institutions at nine campuses in northeast Brazil. | | | 12:00 EDT | | ESI | ITT Educational rises 14.7%
Subscribe for More Information | | | May 13, 2013 | | 11:49 EDT |  | APOL | Apollo Group accreditation news a minor positive, says William Blair
Subscribe for More Information | | | 09:01 EDT | | ESI | ITT Educational falls 3.3%
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