Chicago Equity Partners LLC trimmed its holdings in shares of Career Education Corporation (NASDAQ:CECO) by 46.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,210 shares of the company’s stock after selling 67,820 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.11% of Career Education Corporation worth $802,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CECO. Cloverdale Capital Management LLC purchased a new position in Career Education Corporation during the second quarter valued at approximately $7,377,000. Lonestar Capital Management LLC increased its holdings in Career Education Corporation by 127.4% during the second quarter. Lonestar Capital Management LLC now owns 828,806 shares of the company’s stock valued at $7,957,000 after buying an additional 464,290 shares during the period. Dimensional Fund Advisors LP increased its holdings in Career Education Corporation by 9.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,633,871 shares of the company’s stock valued at $40,315,000 after buying an additional 411,878 shares during the period. Mangrove Partners increased its holdings in Career Education Corporation by 20.2% during the second quarter. Mangrove Partners now owns 1,907,687 shares of the company’s stock valued at $18,314,000 after buying an additional 320,464 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Career Education Corporation by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,227,015 shares of the company’s stock valued at $28,074,000 after acquiring an additional 195,956 shares in the last quarter. 75.16% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Career Education Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies restated a “hold” rating and issued a $13.00 target price on shares of Career Education Corporation in a research note on Friday, July 21st.
Shares of Career Education Corporation (CECO) opened at $12.91 on Friday. The firm has a market cap of $887.16, a P/E ratio of 53.50 and a beta of 2.66. Career Education Corporation has a one year low of $7.62 and a one year high of $13.23.
Career Education Corporation (NASDAQ:CECO) last announced its earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The company had revenue of $145.00 million during the quarter, compared to the consensus estimate of $149.10 million. Career Education Corporation had a negative net margin of 3.35% and a positive return on equity of 4.99%. Career Education Corporation’s revenue was down 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. research analysts forecast that Career Education Corporation will post 0.18 EPS for the current fiscal year.
In other Career Education Corporation news, SVP John Robert Kline sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $12.12, for a total value of $32,724.00. Following the completion of the sale, the senior vice president now directly owns 96,718 shares in the company, valued at $1,172,222.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.01% of the stock is owned by company insiders.
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Career Education Corporation Profile
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.
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