American Public Education and 4 Stocks Whipping Around

McDermott International (NYSE:MDR) reports feeling “comfortable” that FY revenue will come in in the mid-$3B range (consensus is $3.54B). The company sees quarterly operating margins within the 7-10% bounds. McDermott admits that the market has been “jittery” recently, and reports believing that its recent trading has been “head-scratching.” Today, the company’s shares are trading 15.57% higher.

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Advocat Inc. (NASDAQ:AVCA): For $8.50 cash per share in a negotiated transaction, Covington Investments issued a non-binding offer to take on all outstanding common shares of Advocat. Covington, a privately owned and expanding long-term services provider in Ohio, Tennessee and Florida, submitted a letter to its board of directors this morning. That letter includes statements that this proposal is a definite and notable value for shareholders of Advocat (at around a 100% premium over its unaffected share price), and notes an eagerness to begin negotiations to find a mutually agreeable transaction. Covington does not expect the transaction to come up against regulatory delays, nor would it be subject to a financing contingency. Today, Advocat shares are trading 60.62% higher.

Windstream Corporation (NASDAQ:WIN): After reports of Windstream’s Q1 results, Citigroup downgraded the company from Buy to Neutral and reduced the price target on Windstream shares from $15 to $11. Windstream shares are trading 0.97% lower today.

Wageworks Inc (NYSE:WAGE): Late Wednesday, payroll-based benefit program administrator Wageworks priced 6.5 million shares at $9. This is lower than the earlier-predicted pricing in the range of $10-$12. The company’s shares are trading 15.71% lower today.

American Public Education, Inc. (NASDAQ:APEI) is suffering collateral damage from a concerning fall in enrollment and revenue reported in Career Education’s (NASDAQ:CECO) Q1 results. American Public’s reported Q1 EPS was higher than expected, but was followed by lower than hoped Q2 EPS guidance. As a result, BMO Capital predicts American Public will come out with “subpar” 2012 results, and lessened its estimates but sticks to a rating of Outperform. American Public Education shares are today trading 5.91% lower.

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