Legal & General Group Plc raised its holdings in shares of Career Education Corp. (NASDAQ:CECO) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,253 shares of the company’s stock after acquiring an additional 1,522 shares during the period. Legal & General Group Plc owned approximately 0.22% of Career Education worth $1,720,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Barclays PLC raised its stake in shares of Career Education by 1.0% in the 4th quarter. Barclays PLC now owns 78,943 shares of the company’s stock worth $901,000 after buying an additional 760 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Career Education by 6.7% in the 4th quarter. State of Alaska Department of Revenue now owns 23,273 shares of the company’s stock worth $265,000 after buying an additional 1,470 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Career Education by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 45,651 shares of the company’s stock worth $521,000 after buying an additional 1,781 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Career Education by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 49,206 shares of the company’s stock worth $562,000 after purchasing an additional 2,843 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Career Education by 10.4% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 56,892 shares of the company’s stock worth $650,000 after purchasing an additional 5,364 shares during the period. 80.96% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP John Robert Kline sold 4,700 shares of Career Education stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $15.20, for a total transaction of $71,440.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffrey David Ayers sold 10,918 shares of Career Education stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $12.79, for a total value of $139,641.22. The disclosure for this sale can be found here. Insiders have sold 26,521 shares of company stock worth $352,820 in the last quarter. 5.58% of the stock is currently owned by corporate insiders.
Shares of Career Education stock opened at $17.76 on Friday. The firm has a market cap of $1.24 billion, a PE ratio of 19.30, a P/E/G ratio of 1.24 and a beta of 1.67. Career Education Corp. has a 12-month low of $11.01 and a 12-month high of $19.07.
Career Education (NASDAQ:CECO) last announced its earnings results on Wednesday, February 20th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $145.50 million for the quarter, compared to analyst estimates of $144.63 million. Career Education had a return on equity of 19.78% and a net margin of 9.49%. Career Education’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. Research analysts anticipate that Career Education Corp. will post 1.15 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on CECO shares. TheStreet raised Career Education from a “c+” rating to a “b” rating in a research report on Wednesday. Zacks Investment Research raised Career Education from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, January 16th. BidaskClub raised Career Education from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. ValuEngine raised Career Education from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Barrington Research reaffirmed a “buy” rating and set a $18.00 target price on shares of Career Education in a research report on Thursday, February 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Career Education presently has a consensus rating of “Buy” and an average price target of $19.83.
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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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