Shares of Career Education Corp. (NASDAQ:CECO) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 12 month consensus target price of $13.50 for the company and are predicting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Career Education an industry rank of 111 out of 265 based on the ratings given to related companies.

Separately, BidaskClub lowered shares of Career Education from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd.

In related news, SVP Andrew Hurst sold 3,889 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $12.81, for a total transaction of $49,818.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Robert Kline sold 2,700 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 96,718 shares in the company, valued at $1,172,222.16. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP purchased a new stake in shares of Career Education during the second quarter worth approximately $100,000. PNC Financial Services Group Inc. increased its stake in shares of Career Education by 1.6% during the second quarter. PNC Financial Services Group Inc. now owns 10,520 shares of the company’s stock worth $101,000 after buying an additional 162 shares during the period. Cambria Investment Management L.P. purchased a new stake in shares of Career Education during the third quarter worth approximately $113,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Career Education during the third quarter worth approximately $126,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Career Education during the third quarter worth approximately $133,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.

Shares of Career Education (NASDAQ CECO) traded up $0.12 during trading hours on Monday, reaching $12.63. 296,900 shares of the company’s stock were exchanged, compared to its average volume of 293,922. The stock has a market capitalization of $872.65, a price-to-earnings ratio of -52.63 and a beta of 2.72. Career Education has a one year low of $7.62 and a one year high of $13.92.

Career Education (NASDAQ:CECO) last issued 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. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $149.10 million. Career Education had a negative net margin of 3.35% and a positive return on equity of 4.99%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. equities analysts predict that Career Education will post 0.25 earnings per share for the current year.

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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.

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