ITT Educational Services (ESI) Resumes Trading, Shares Down
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ITT Educational Services (ESI) Received ED Letter from U.S. Dept. of Education; Says Sanctions, Requirements Imposed
August 26, 2016 8:43 AM EDTITT Educational Services (NYSE: ESI) disclosed the following on Friday:
Item 8.01. Other Events.
On August 25, 2016, ITT Educational Services, Inc. (the Company) received a letter (the ED Letter) from the U.S. Department of Education (the ED) citing the August 17, 2016 letter (the ACICS Letter) from the Accrediting Council for Independent Colleges and Schools (ACICS) to the Company, which continued ACICS show-cause directive against the Company. The ED Letter summarizes the ACICS... More
Piper Jaffray Downgrades ITT Educational Services (ESI) to Underweight, $0.00 Price Target
August 26, 2016 6:38 AM EDTPiper Jaffray downgraded ITT Educational Services (NYSE: ESI) from Neutral to Underweight with a price target of $0.00 (from $3.00), saying the latest move by the Dept. of Education could be the death knell.
Analyst Peter Appert commented, "A just-announced Dept. of Education ban on... More
ITT Educational (ESI) For-Profit Education Peers on Watch as Dept. of Education Clamps Down (DV) (APOL)
August 25, 2016 2:35 PM EDTFor-profit schools on watch as ITT Educational Services (NYSE: ESI) plunges amid news that the Department of Education will implement increased oversight on the company.
Peers include: American Public... More
ITT Educational Services (ESI) Halted, News Pending
August 25, 2016 2:31 PM EDTITT Educational Services (NYSE: ESI) Halted, News Pending
... MoreITT Educational Services (ESI) Shares Decline on Reports of Increased Oversight
August 25, 2016 2:31 PM EDTITT Educational Services (NYSE: ESI) declined sharply on reports of increased oversight by the Department of Education. Traders passed around an official blog post that states the DOE is no longer allowing ITT to enroll new students with federal aid.
The full text is below. Shares are currently down over 30%.
Increased Oversight of ITT and the Impact on Students
In recent years, ITT Educational... More
ITT Educational Services (ESI) Halted on LUDP, Shares Down 35%
August 25, 2016 2:27 PM EDTITT Educational Services (NYSE: ESI) Halted on LUDP, Shares Down 35%
... More
