Career Education Corp. (NASDAQ:CECO) insider Michele A. Peppers sold 10,000 shares of Career Education stock in a transaction on Monday, August 19th. The shares were sold at an average price of $22.17, for a total value of $221,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CECO stock opened at $22.28 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.49 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.54 billion, a PE ratio of 16.90, a P/E/G ratio of 1.20 and a beta of 1.56. Career Education Corp. has a 12-month low of $11.01 and a 12-month high of $22.50. The business’s fifty day moving average price is $20.13 and its 200 day moving average price is $18.07.
Career Education (NASDAQ:CECO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.10. The firm had revenue of $156.44 million for the quarter, compared to the consensus estimate of $148.10 million. Career Education had a return on equity of 25.42% and a net margin of 8.78%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Research analysts predict that Career Education Corp. will post 1.22 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Career Education from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. TheStreet downgraded Career Education from a “b” rating to a “c+” rating in a research report on Thursday, August 8th. Barrington Research restated an “outperform” rating and issued a $26.00 target price (up previously from $24.00) on shares of Career Education in a research report on Thursday, August 8th. Sidoti set a $24.00 target price on Career Education and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, BidaskClub upgraded Career Education from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.00.
Several hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC raised its holdings in shares of Career Education by 7.9% in the 1st quarter. LS Investment Advisors LLC now owns 10,112 shares of the company’s stock valued at $167,000 after buying an additional 741 shares during the period. Mason Street Advisors LLC raised its holdings in shares of Career Education by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 22,408 shares of the company’s stock valued at $370,000 after buying an additional 744 shares during the period. Rhumbline Advisers raised its holdings in shares of Career Education by 0.5% in the 1st quarter. Rhumbline Advisers now owns 194,691 shares of the company’s stock valued at $3,216,000 after buying an additional 924 shares during the period. Piedmont Investment Advisors Inc. raised its holdings in shares of Career Education by 5.6% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 17,496 shares of the company’s stock valued at $289,000 after buying an additional 927 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Career Education by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 108,745 shares of the company’s stock valued at $2,074,000 after buying an additional 1,111 shares during the period. Hedge funds and other institutional investors own 85.72% of the company’s stock.
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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