ITT Educational Services Inc. (NYSE:ESI) shares rose 6.8% during trading on Friday . The stock traded as high as $2.08 and last traded at $2.04, with a volume of 234,812 shares. The stock had previously closed at $1.91.

ESI has been the subject of several analyst reports. Piper Jaffray Cos. reiterated a “hold” rating and set a $4.75 price target (up previously from $3.50) on shares of ITT Educational Services in a report on Tuesday, March 15th. Zacks Investment Research upgraded shares of ITT Educational Services from a “sell” rating to a “buy” rating and set a $2.50 price target for the company in a report on Tuesday, May 17th.

The stock’s 50-day moving average is $1.98 and its 200 day moving average is $2.62. The company has a market capitalization of $46.69 million and a price-to-earnings ratio of 2.81.

ITT Educational Services (NYSE:ESI) last released its earnings results on Friday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $191.50 million for the quarter, compared to analyst estimates of $190.85 million. The business’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. On average, equities analysts expect that ITT Educational Services Inc. will post $0.43 earnings per share for the current year.

In related news, major shareholder Yude Zhang bought 206,092 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were acquired at an average cost of $1.94 per share, with a total value of $399,818.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

An institutional investor recently raised its position in ITT Educational Services stock. Globeflex Capital L P raised its stake in shares of ITT Educational Services Inc. (NYSE:ESI) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 307,651 shares of the company’s stock after buying an additional 3,213 shares during the period. Globeflex Capital L P owned about 1.30% of ITT Educational Services worth $1,148,000 at the end of the most recent reporting period.

ITT Educational Services, Inc is a provider of postsecondary degree programs in the United States. The Company offers master, bachelor and associate degree programs to over 45,000 students, and short-term information technology and business learning solutions for career advancers and other professionals.

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