Apollo Education Group, Inc. (NASDAQ:APOL) was the target of a large decline in short interest in the month of December. As of December 30th, there was short interest totalling 1,535,179 shares, a decline of 29.8% from the December 15th total of 2,185,787 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 823,685 shares, the days-to-cover ratio is presently 1.9 days.
Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Apollo Education Group by 64.9% in the second quarter. BNP Paribas Arbitrage SA now owns 36,661 shares of the company’s stock worth $334,000 after buying an additional 14,433 shares in the last quarter. Capital Fund Management S.A. increased its stake in shares of Apollo Education Group by 317.4% in the second quarter. Capital Fund Management S.A. now owns 83,511 shares of the company’s stock worth $762,000 after buying an additional 63,505 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Apollo Education Group during the second quarter worth about $167,000. Swiss National Bank increased its stake in shares of Apollo Education Group by 7.4% in the second quarter. Swiss National Bank now owns 169,000 shares of the company’s stock worth $1,541,000 after buying an additional 11,600 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Apollo Education Group during the second quarter worth about $374,000. Institutional investors own 73.33% of the company’s stock.
Separately, Goldman Sachs Group, Inc. (The) raised shares of Apollo Education Group to a “buy” rating in a research report on Wednesday, January 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.33.
Shares of Apollo Education Group (NASDAQ:APOL) opened at 10.00 on Thursday. Apollo Education Group has a one year low of $6.75 and a one year high of $10.00. The company’s market cap is $1.10 billion. The stock’s 50 day moving average is $9.77 and its 200-day moving average is $8.99.
Apollo Education Group (NASDAQ:APOL) last issued its quarterly earnings results on Monday, January 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The company earned $484.50 million during the quarter. Apollo Education Group had a positive return on equity of 4.31% and a negative net margin of 0.99%. The firm’s revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. Equities research analysts expect that Apollo Education Group will post $0.25 earnings per share for the current year.
About Apollo Education Group
Apollo Education Group, Inc is an education provider. The Company offers undergraduate, graduate, certificate and no degree educational programs and services, online and on-campus, to working adults in the United States and abroad through University of Phoenix, Apollo Global and Others. Its segments include University of Phoenix, Apollo Global and Others.