Career Education Corp. (CECO) Hits New 52-Week High at $7.12
Shares of Career Education Corp. (NASDAQ:CECO) reached a new 52-week high on Monday . The company traded as high as $7.12 and last traded at $7.08, with a volume of 386,096 shares traded. The stock had previously closed at $6.91.
The firm has a 50 day moving average price of $6.21 and a 200-day moving average price of $4.77. The stock has a market cap of $485.95 million and a PE ratio of 6.10.
Career Education Corp. (NASDAQ:CECO) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. During the same period in the previous year, the business posted ($0.37) earnings per share. The business earned $198.90 million during the quarter, compared to analyst estimates of $177.20 million. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. Equities research analysts predict that Career Education Corp. will post ($0.05) EPS for the current fiscal year.
In other Career Education Corp. news, Director Ronald D. Mccray sold 6,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $869,039.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
An institutional investor recently raised its position in Career Education Corp. stock. Schroder Investment Management Group raised its position in Career Education Corp. (NASDAQ:CECO) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 816,223 shares of the company’s stock after buying an additional 132,375 shares during the period. Schroder Investment Management Group owned 1.20% of Career Education Corp. worth $2,963,000 at the end of the most recent quarter.
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.
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