Career Education Corp. (NASDAQ:CECO)’s share price hit a new 52-week high during mid-day trading 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 stock’s 50-day moving average is $5.81 and its 200 day moving average is $4.43. The company has a market capitalization of $436.74 million and a price-to-earnings ratio of 5.48.

Career Education Corp. (NASDAQ:CECO) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. The company earned $198.90 million during the quarter, compared to analysts’ expectations of $177.20 million. During the same quarter in the prior year, the company earned ($0.37) earnings per share. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, equities analysts expect that Career Education Corp. will post ($0.60) earnings per share for the current fiscal year.

In other news, Director Ronald D. Mccray sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $6.01, for a total value of $36,060.00. Following the sale, the director now directly owns 144,599 shares in the company, valued at $869,039.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in 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 valued at $10,269,000 after buying an additional 297,318 shares during the period. Schroder Investment Management Group increased its position in Career Education Corp. by 19.4% in the fourth quarter. Schroder Investment Management Group now owns 816,223 shares of the company’s stock valued at $2,963,000 after buying an additional 132,375 shares during the period. Finally, Principal Financial Group Inc. increased its position in Career Education Corp. by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 447,549 shares of the company’s stock valued at $1,625,000 after buying an additional 19,999 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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