Career Education Corp. (CECO) Reaches New 1-Year High at $7.53
Career Education Corp. (NASDAQ:CECO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $7.53 and last traded at $7.45, with a volume of 529,265 shares. The stock had previously closed at $7.15.
Separately, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $11.00 price target (up from $6.00) on shares of Career Education Corp. in a research report on Friday.
The firm has a market cap of $513.44 million and a price-to-earnings ratio of 4.57. The stock has a 50-day moving average price of $6.41 and a 200 day moving average price of $4.91.
Career Education Corp. (NASDAQ:CECO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.31. During the same period in the previous year, the firm earned ($0.31) EPS. The firm earned $182.63 million during the quarter, compared to analysts’ expectations of $176.04 million. The firm’s revenue was down 15.8% on a year-over-year basis. On average, analysts anticipate that Career Education Corp. will post ($0.48) EPS for the current year.
In other news, Director Ronald D. Mccray sold 6,000 shares of Career Education Corp. stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $6.01, for a total value of $36,060.00. Following 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 can be accessed through this hyperlink.
A hedge fund recently raised its stake in Career Education Corp. stock. Dimensional Fund Advisors LP boosted its position in shares of Career Education Corp. (NASDAQ:CECO) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 about 4.16% of Career Education Corp. worth $10,269,000 at the end of the most recent reporting period.
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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