Swiss National Bank raised its stake in Apollo Education Group Inc. (NASDAQ:APOL) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 169,000 shares of the company’s stock after buying an additional 11,600 shares during the period. Swiss National Bank owned 0.16% of Apollo Education Group worth $1,541,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Apollo Education Group by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,584,850 shares of the company’s stock valued at $21,235,000 after buying an additional 143,351 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Apollo Education Group by 4.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the company’s stock valued at $9,120,000 after buying an additional 40,000 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Apollo Education Group by 247.6% in the first quarter. Teachers Advisors Inc. now owns 496,667 shares of the company’s stock valued at $4,080,000 after buying an additional 353,800 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Apollo Education Group by 10,364.5% in the first quarter. JPMorgan Chase & Co. now owns 266,950 shares of the company’s stock valued at $2,192,000 after buying an additional 264,399 shares during the last quarter. Finally, Societe Generale purchased a new position in shares of Apollo Education Group during the second quarter valued at $1,531,000. 75.74% of the stock is owned by hedge funds and other institutional investors.
Apollo Education Group Inc. (NASDAQ:APOL) traded up 4.28% during mid-day trading on Tuesday, reaching $8.04. The company’s stock had a trading volume of 419,437 shares. The stock’s market cap is $874.59 million. The company has a 50 day moving average of $8.56 and a 200-day moving average of $8.64. Apollo Education Group Inc. has a 52-week low of $6.31 and a 52-week high of $12.43.
Apollo Education Group (NASDAQ:APOL) last announced its quarterly earnings results on Thursday, July 7th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $558 million for the quarter. Apollo Education Group had a positive return on equity of 5.24% and a negative net margin of 5.38%. Apollo Education Group’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Equities analysts forecast that Apollo Education Group Inc. will post $0.31 earnings per share for the current year.
Separately, Zacks Investment Research raised Apollo Education Group from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, July 12th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Apollo Education Group presently has an average rating of “Hold” and a consensus target price of $10.27.
About Apollo Education Group
Apollo Education Group, Inc is a private education provider. The Company offers undergraduate, graduate, certificate and non-degree educational programs and services, online and on-campus, principally to working learners in the United States and abroad. The Company’s segments are University of Phoenix, Apollo Global and Other.
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