Shares of Career Education Corp. (NASDAQ:CECO) hit a new 52-week high on Friday . The stock traded as high as $6.35 and last traded at $6.33, with a volume of 145,451 shares changing hands. The stock had previously closed at $6.12.

The firm’s 50 day moving average is $5.79 and its 200 day moving average is $4.41. The stock has a market cap of $433.33 million and a PE ratio of 5.44.

Career Education Corp. (NASDAQ:CECO) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.07. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. The firm earned $198.90 million during the quarter, compared to analyst estimates of $177.20 million. Career Education Corp.’s quarterly revenue was down 12.4% compared to the same quarter last year. Analysts predict that Career Education Corp. will post ($0.60) earnings per share for the current year.

In related news, Director Ronald D. Mccray sold 6,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $6.01, for a total transaction of $36,060.00. Following the transaction, the director now owns 144,599 shares of the company’s stock, valued at $869,039.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Other institutional investors recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Career Education Corp. by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,828,772 shares of the company’s stock worth $10,269,000 after buying an additional 297,318 shares during the period. Principal Financial Group Inc. raised its position in shares of Career Education Corp. by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 447,549 shares of the company’s stock worth $1,625,000 after buying an additional 19,999 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Career Education Corp. by 19.4% in the fourth quarter. Schroder Investment Management Group now owns 816,223 shares of the company’s stock worth $2,963,000 after buying an additional 132,375 shares during the period.

Career Education Corporation (CEC) through its colleges, institutions and universities offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning program offerings. The Company operates through four segments: University Group, Career Colleges Group, Transitional Group and Corporate and Other.

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