Career Education Corp. (CECO) Trading 4.1% Higher
Career Education Corp. (NASDAQ:CECO) traded up 4.1% during mid-day trading on Monday . The company traded as high as $6.74 and last traded at $6.65, with a volume of 410,099 shares trading hands. The stock had previously closed at $6.39.
The firm has a market capitalization of $470.92 million and a PE ratio of 5.91. The firm’s 50 day moving average price is $5.87 and its 200 day moving average price is $4.48.
Career Education Corp. (NASDAQ:CECO) last issued its earnings results on Wednesday, May 4th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. The business earned $198.90 million during the quarter, compared to analyst estimates of $177.20 million. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the business earned ($0.37) EPS. Equities research analysts forecast that Career Education Corp. will post ($0.60) earnings per share for the current year.
In other news, Director Ronald D. Mccray sold 6,000 shares of the firm’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 sale, 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 SEC, which is accessible through this link.
An institutional investor recently raised its position in Career Education Corp. stock. Dimensional Fund Advisors LP raised its stake in Career Education Corp. (NASDAQ:CECO) by 11.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,828,772 shares of the company’s stock after buying an additional 297,318 shares during the period. Dimensional Fund Advisors LP owned 4.16% of Career Education Corp. worth $10,269,000 as of its most recent SEC filing.
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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