Career Education Corp. (CECO) Sees Strong Trading Volume
Career Education Corp. (NASDAQ:CECO) shares saw strong trading volume on Friday . 713,875 shares were traded during trading, an increase of 76% from the previous session’s volume of 404,576 shares.The stock last traded at $7.01 and had previously closed at $7.12.
Separately, Piper Jaffray Cos. reiterated a “neutral” rating and set a $11.00 target price (up previously from $6.00) on shares of Career Education Corp. in a research report on Friday, August 5th.
The company has a market cap of $479.89 million and a P/E ratio of 4.27. The stock’s 50-day moving average price is $6.61 and its 200-day moving average price is $5.06.
Career Education Corp. (NASDAQ:CECO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.31. During the same period last year, the business posted ($0.31) earnings per share. The business had revenue of $182.63 million for the quarter, compared to analysts’ expectations of $176.04 million. The company’s revenue was down 15.8% compared to the same quarter last year. Analysts expect that Career Education Corp. will post $0.03 earnings per share for the current fiscal year.
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 filing with the Securities and Exchange Commission. 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 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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