Career Education (CECO) Reaches New 52-Week High and Low at $16.58

Career Education Corp. (NASDAQ:CECO) shares hit a new 52-week high and low during trading on Thursday . The company traded as low as $16.58 and last traded at $16.01, with a volume of 7209 shares. The stock had previously closed at $16.20.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Career Education from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. ValuEngine upgraded shares of Career Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 22nd. Zacks Investment Research upgraded shares of Career Education from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, May 16th. Finally, Sidoti assumed coverage on shares of Career Education in a research note on Wednesday, April 18th. They set a “buy” rating and a $21.00 price target for the company. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Career Education currently has a consensus rating of “Buy” and an average price target of $16.67.

The company has a market capitalization of $1.13 billion, a P/E ratio of 51.82 and a beta of 2.72.

Career Education (NASDAQ:CECO) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $147.50 million during the quarter, compared to analysts’ expectations of $146.10 million. Career Education had a negative net margin of 3.36% and a positive return on equity of 10.63%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. equities research analysts anticipate that Career Education Corp. will post 0.95 earnings per share for the current year.

In other news, SVP Jeffrey David Ayers sold 69,183 shares of the firm’s stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $14.00, for a total transaction of $968,562.00. Following the completion of the sale, the senior vice president now owns 213,714 shares of the company’s stock, valued at $2,991,996. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard D. Wang sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $16.20, for a total transaction of $4,050,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 399,183 shares of company stock valued at $6,318,562. Company insiders own 5.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Career Education during the first quarter worth approximately $530,000. Principal Financial Group Inc. increased its holdings in shares of Career Education by 2.5% during the first quarter. Principal Financial Group Inc. now owns 503,290 shares of the company’s stock worth $6,613,000 after buying an additional 12,110 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Career Education by 9.1% during the first quarter. WINTON GROUP Ltd now owns 486,986 shares of the company’s stock worth $6,399,000 after buying an additional 40,631 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Career Education during the first quarter worth approximately $349,000. Finally, Kenmare Capital Partners L.L.C. increased its holdings in shares of Career Education by 1.9% during the first quarter. Kenmare Capital Partners L.L.C. now owns 893,653 shares of the company’s stock worth $11,743,000 after buying an additional 16,957 shares in the last quarter. 78.41% of the stock is owned by institutional investors.

Career Education Company Profile

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.

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