Career Education Corp. (CECO) Trading Up 3.2%
Shares of Career Education Corp. (NASDAQ:CECO) were up 3.2% on Tuesday . The company traded as high as $6.79 and last traded at $6.74, with a volume of 197,676 shares. The stock had previously closed at $6.53.
The stock has a market capitalization of $463.40 million and a P/E ratio of 5.81. The firm has a 50 day moving average price of $6.10 and a 200-day moving average price of $4.69.
Career Education Corp. (NASDAQ:CECO) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.07. The firm had revenue of $198.90 million for the quarter, compared to the consensus estimate of $177.20 million. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.37) EPS. Equities research analysts predict that Career Education Corp. will post ($0.60) EPS for the current year.
In related news, Director Ronald D. Mccray sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $6.01, for a total transaction of $36,060.00. Following the completion of the transaction, the director now owns 144,599 shares in the company, valued at approximately $869,039.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
A hedge fund recently raised its stake in Career Education Corp. stock. Dimensional Fund Advisors LP increased its position in shares of Career Education Corp. (NASDAQ:CECO) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 4.16% of Career Education Corp. worth $10,269,000 as of its most recent filing with the SEC.
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.