Career Education Corp. (NASDAQ:CECO) reached a new 52-week high during trading on Monday . The stock traded as high as $7.12 and last traded at $7.08, with a volume of 386,096 shares changing hands. The stock had previously closed at $6.91.

The firm has a market cap of $479.80 million and a P/E ratio of 6.02. The company’s 50 day moving average is $6.29 and its 200-day moving average is $4.86.

In other news, Director Ronald D. Mccray sold 6,000 shares of the firm’s stock in a transaction on 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 directly owns 144,599 shares in the company, valued at approximately $869,039.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A hedge fund recently raised its stake in Career Education Corp. stock. Schroder Investment Management Group boosted its position in shares of 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.