Career Education Co. (CECO) Sets New 12-Month High at $13.08
Career Education Co. (NASDAQ:CECO) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.08 and last traded at $12.35, with a volume of 270700 shares changing hands. The stock had previously closed at $11.93.
A number of research firms recently issued reports on CECO. BidaskClub lowered Career Education from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies restated a “hold” rating and set a $13.00 price objective on shares of Career Education in a research report on Friday, July 21st.
The firm has a market capitalization of $883.02, a PE ratio of 51.46 and a beta of 2.66.
Career Education (NASDAQ:CECO) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. Career Education had a return on equity of 4.16% and a net margin of 2.41%. The company had revenue of $145.00 million during the quarter, compared to analyst estimates of $149.10 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. sell-side analysts forecast that Career Education Co. will post 0.18 EPS for the current year.
In other Career Education news, SVP John Robert Kline sold 2,700 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $12.12, for a total transaction of $32,724.00. Following the completion of the transaction, the senior vice president now owns 96,718 shares in the company, valued at approximately $1,172,222.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Bayesian Capital Management LP acquired a new position in Career Education during the 2nd quarter worth $100,000. PNC Financial Services Group Inc. lifted its holdings in shares of Career Education by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 10,520 shares of the company’s stock valued at $101,000 after buying an additional 162 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Career Education in the first quarter valued at $100,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Career Education in the third quarter valued at $133,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Career Education by 80.2% in the second quarter. State of Alaska Department of Revenue now owns 12,813 shares of the company’s stock valued at $123,000 after buying an additional 5,703 shares during the period. Institutional investors own 75.16% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Career Education Co. (CECO) Sets New 12-Month High at $13.08” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/11/13/career-education-co-ceco-sets-new-12-month-high-at-13-08.html.
About Career Education
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.
Receive News & Ratings for Career Education Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Career Education Co. and related companies with MarketBeat.com's FREE daily email newsletter.