Apollo Education Group Inc (APOL) Explores Possible Strategic Options, Hires Barclays and Credit Suisse

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Shares of Apollo Education Group Inc (NASDAQ:APOL) are trading considerably higher in the early morning as it was announced by the company that they have hired Barclays and Credit Suisse in order to explore their strategic options.

“The board believes that these actions will support and accelerate Apollo’s strategic initiatives, which include the continued growth and investment in Apollo Global and the continuation of the University of Phoenix’s transformation plan to further enhance student outcomes and provide outstanding, career relevant higher education for working adults,” stated the company.

Executives at Apollo Education Group Inc (NASDAQ:APOL) are hinting at the possible change in control of their company. Whether this would be a merger, them getting acquired, or simply new executive members, we will have to wait and find out. Shares of Apollo Education Group Inc (NASDAQ:APOL) are coming off a terrible 2015, as the stock fell over 70% on the year. The stock is currently trading higher by 7.13% or $0.47 following the positive news, hitting $7.06 per share at the time of us publishing this article. About 62,152 shares traded hands. APOL has declined 60.49% since June 5, 2015 and is downtrending. It has underperformed the S&P500 by 55.80%.

From a total of 3 analysts covering Apollo Education (NASDAQ:APOL) stock, 1 rate it a “Buy”, 0 a “Sell”, and 2 a “Hold”. This means that 33% of the ratings are positive. The highest target price is $13 while the lowest target price is $8.50. The mean of all analyst targets is $9.75 which is 38.10% above today’s ($7.06) stock price. Apollo Education was the topic of 4 analyst reports since October 23, 2015 according to the firm StockzIntelligence Inc. Compass Point maintained shares on October 23 with a “Neutral” rating.

The institutional sentiment decreased to 0.95 in Q2 2015. It’s down 0.15, from 1.1 in 2015Q2. The ratio dived, as 41 funds sold all their Apollo Education Group Inc shares they owned while 62 reduced their positions. 22 funds bought stakes while 76 increased their total positions. Institutions now own 101.80 million shares which is 9.22% more than the previous share count of 93.20 million in 2015Q2.

Armistice Capital Llc holds 3.32% of its total portfolio in Apollo Education Group Inc, equating to 880,000 shares. Altalis Capital Management Llc owns 295,625 shares representing 1.92% of their total US portfolio. Moreover, Diversified Investment Strategies Llc has 0.87% of their total portfolio invested in the company, equating to 65,625 shares. The California-based First Pacific Advisors Llc has a total of 0.73% of their portfolio invested in the stock. Quinn Opportunity Partners Llc, a New York-based fund reported 133,000 shares owned.

Since April 2, 2015, the stock had 0 insider purchases, and 3 sales for a total of $45,941 in net activity. Newton Frederick James sold 1,494 shares worth $16,449.

Apollo Education Group, Inc. is a private education provider. The company has a market cap of $765.35 million. The Firm 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. It has 14.59 P/E ratio. The Company’s divisions are University of Phoenix, Apollo Global and Other.

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