Career Education Corp. (NASDAQ:CECO) Insider Sells $107,800.00 in Stock

Career Education Corp. (NASDAQ:CECO) insider Michele A. Peppers sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $21.56, for a total value of $107,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of CECO stock traded up $0.20 during trading hours on Friday, hitting $22.08. 443,900 shares of the company’s stock were exchanged, compared to its average volume of 513,453. The firm has a 50 day moving average of $19.76 and a two-hundred day moving average of $17.87. Career Education Corp. has a fifty-two week low of $11.01 and a fifty-two week high of $22.26. The company has a quick ratio of 2.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.50 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.17 and a beta of 1.56.

Career Education (NASDAQ:CECO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.10. Career Education had a return on equity of 25.42% and a net margin of 8.78%. The firm had revenue of $156.44 million during the quarter, compared to the consensus estimate of $148.10 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Career Education Corp. will post 1.22 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Convergence Investment Partners LLC acquired a new position in Career Education in the 2nd quarter valued at $225,000. Rhumbline Advisers raised its stake in 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 purchasing an additional 924 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Career Education in the 1st quarter valued at $2,019,000. Amalgamated Bank acquired a new position in Career Education in the 4th quarter valued at $125,000. Finally, New York State Teachers Retirement System raised its stake in Career Education by 10.5% in the 2nd quarter. New York State Teachers Retirement System now owns 169,860 shares of the company’s stock valued at $3,239,000 after purchasing an additional 16,200 shares during the last quarter. 83.90% of the stock is owned by hedge funds and other institutional investors.

CECO has been the subject of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $26.00 target price (up from $24.00) on shares of Career Education in a research note on Thursday, August 8th. TheStreet downgraded Career Education from a “b” rating to a “c+” rating in a research note on Thursday, August 8th. BidaskClub raised Career Education from a “sell” rating to a “hold” rating in a research note on Saturday. Sidoti set a $24.00 target price on Career Education and gave the stock a “buy” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research downgraded Career Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Career Education presently has a consensus rating of “Buy” and a consensus price target of $24.00.

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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Insider Buying and Selling by Quarter for Career Education (NASDAQ:CECO)

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