Mon, Apr. 27, 7:27 AM
- For-profit education stocks could see some volatility after Corinthian Colleges (NASDAQ:COCO) decides to shut down 28 schools in a move that will displace close to 10K students.
- The abrupt closure is receiving significant attention from student advocacy groups and increase the chances of politicians stepping into the for-profit fray.
- On watch: APOL, CECO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU, NAUH.
Fri, Apr. 24, 12:45 PM
Fri, Apr. 24, 11:21 AM
- Shares of DeVry Education (DV -12.2%) crumble after the company reported a drop in revenue during FQ3 and unveiled a plan to convert 14 DeVry locations to online only.
- The company's string of acquisition helped it boost total enrollment compared to a year ago, but net income fell 15% during the quarter.
- Previously: DeVry Education beats by $0.02, misses on revenue
Thu, Apr. 23, 4:09 PM
Thu, Apr. 23, 4:09 PM
Wed, Apr. 22, 5:35 PM
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Tue, Mar. 31, 10:35 AM
- A group of Corinthian College (NASDAQ:COCO) students are attempting to back out of their student loan obligations after the company closed campuses to diminish the value of degrees from the institution.
- The students have some support from the CFPB in their bid for debt relief, although the federal agency won't advocate for non-payment.
- The development is another bright spotlight on a sector already reeling from enrollment losses.
- "I just turned 22 and I have this much debt and I have nothing to show for it," summed up one Corinthian student on her plight.
- On watch: Career Education (CECO -2.3%), ITT Educational Services (ESI -2.2%), Education Management (EDMC -7.3%), Strayer Education (STRA -1%), DeVry Education (DV -0.5%).
Wed, Mar. 25, 2:23 PM
- The for-profit education sector is full of volatility today.
- Apollo Education (APOL -27%) is getting shellacked off of a disappointing FQ2 earnings report.
- Enrollment guidance from Apollo came in below expectations.
- Peers Bridgepoint Education (BPI -3.7%), DeVry Education (DV -5.5%), ITT Educational Services (ESI -4.1%), Grand Canyon Education (LOPE -3.9%), and American Public Education (APEI -1.6%) are also lower in sympathy.
- National American University Holdings (NASDAQ:NAUH) is an outlier with a 3% gain, while microcap Education Management (NASDAQ:EDMC) is up a clean 20%.
- Trading volume is up across the sector.
- What to watch: A push by President Obama to make some forms of community college free is considered a threat to the sector.
Thu, Mar. 12, 9:34 AM
- The Treasury Department and Department of Education are looking into a proposal to make it easier for student loans to be included in bankruptcies.
- Though the bankruptcy angle is only a small portion of the comprehensive Student Aid Bill of Rights aimed at the lending industry, it's expected to be one of the most controversial aspects of the proposed legislation.
- For-profit education stocks: APOL, CECO, COCO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU,
Mon, Feb. 9, 1:28 PM
- Some education stocks are getting a second look from investors today to partially reverse what's been a decline in the sector for 2015 amid enrollment and student loan concerns.
- The rally has been underpinned with decent volume.
- Gainers: Bridgepoint Education (NYSE:BPI) +4.2%, ITT Educational Services (NYSE:ITT) +1.5%, Education Management Corporation (NASDAQ:EDMC) +2.7%, Career Education Corp. (NASDAQ:CECO) +4.2%, DeVry Education (NYSE:DV) +2.1%.
Thu, Feb. 5, 4:19 PM| Comment!
Wed, Feb. 4, 5:35 PM
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Fri, Jan. 9, 3:03 AM
- President Obama has unveiled a proposal to make community college free for the first two years, with federal funding covering three-quarters of the cost and states that participate contributing the rest.
- "We have to make sure that everybody has the opportunity to constantly train themselves for better jobs, better wages, better benefits," announced Obama.
- The White House expects an estimated 9M students to participate in the program and save $3,800 a year on tuition.
- Education Stocks: CECO, STRA, COCO, ESI, ITT, BPI, LINC, DV, LOPE, APEI
- APOL -0.7%; EDMC -6.1% AH
Sat, Jan. 3, 10:50 AM
- "The for-profit sector is dead," is the grim assessment from sector pioneer Michael Clifford.
- Tougher federal regulation enforced by the Obama administration and increased scrutiny by students on the value of diplomas have chipped the growth story down to a nub.
- Excess capacity in the sector could lead to tuition price cuts in 2015, warn analysts, particularly for post-secondary medical and technology programs.
- On watch: DV, APOL, STRA, ESI, CPLA, BPI, EDMC, COCO, APEI, LINC, NAUH.
- Grand Canyon Education (NASDAQ:LOPE) could be the outlier in the group. The stock managed a 4.6% over the last year on a higher mix of traditional campuses.
Nov. 6, 2014, 6:12 PM
Oct. 23, 2014, 4:13 PM
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DeVry Education Group Inc is a provider of educational services. The Company offers programs in business, healthcare and technology and serve students in postsecondary education as well as accounting and finance professionals.
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