Career Education Corp. (CECO) Hits New 52-Week High at $7.53
Shares of Career Education Corp. (NASDAQ:CECO) reached a new 52-week high 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 target price (up previously from $6.00) on shares of Career Education Corp. in a research note on Friday, August 5th.
The company has a 50-day moving average price of $6.50 and a 200 day moving average price of $5.00. The firm has a market cap of $503.17 million and a P/E ratio of 4.48.
Career Education Corp. (NASDAQ:CECO) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. The company earned $182.63 million during the quarter, compared to the consensus estimate of $176.04 million. The business’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. Equities research analysts forecast that Career Education Corp. will post ($0.60) EPS for the current year.
An institutional investor recently raised its position in Career Education Corp. stock. Schroder Investment Management Group raised its stake in shares of Career Education Corp. (NASDAQ:CECO) by 19.4% during the fourth quarter, according to its most recent Form 13F 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 about 1.20% of Career Education Corp. worth $2,963,000 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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