Career Education Corp. (CECO) Trading 4.1% Higher
Career Education Corp. (NASDAQ:CECO) shares shot up 4.1% on Monday . The company traded as high as $6.74 and last traded at $6.65, with a volume of 410,099 shares changing hands. The stock had previously closed at $6.39.
The firm has a market capitalization of $454.51 million and a P/E ratio of 5.70. The company’s 50-day moving average price is $5.81 and its 200 day moving average price is $4.43.
Career Education Corp. (NASDAQ:CECO) last announced its earnings results on Wednesday, May 4th. The company reported $0.04 EPS for the quarter, topping the Zacks’ 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 last year, the firm posted ($0.37) EPS. Career Education Corp.’s revenue for the quarter was down 12.4% compared to the same quarter last year. Analysts expect that Career Education Corp. will post ($0.60) EPS for the current year.
In other news, Director Ronald D. Mccray sold 6,000 shares of the business’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 completion of the transaction, the director now directly owns 144,599 shares of the company’s stock, valued at approximately $869,039.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
A hedge fund recently raised its stake in Career Education Corp. stock. Schroder Investment Management Group increased its stake in shares of Career Education Corp. (NASDAQ:CECO) by 19.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 816,223 shares of the company’s stock after buying an additional 132,375 shares during the period. Schroder Investment Management Group owned about 1.20% of Career Education Corp. worth $2,963,000 at the end of the most recent quarter.
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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