Shares of Career Education Corp. (NASDAQ:CECO) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokerages have set a 1-year consensus price objective of $16.00 for the company and are expecting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also given Career Education an industry rank of 108 out of 265 based on the ratings given to related companies.

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CECO has been the subject of a number of analyst reports. BidaskClub downgraded shares of Career Education from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. ValuEngine upgraded shares of Career Education from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

In other Career Education news, SVP Jeffrey David Ayers sold 39,141 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $13.89, for a total value of $543,668.49. Following the completion of the transaction, the senior vice president now owns 196,472 shares in the company, valued at $2,728,996.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new position in Career Education in the fourth quarter valued at $325,000. Gotham Asset Management LLC acquired a new position in Career Education in the fourth quarter valued at $172,000. Jane Street Group LLC acquired a new position in Career Education in the fourth quarter valued at $125,000. Millennium Management LLC boosted its stake in Career Education by 122.0% in the fourth quarter. Millennium Management LLC now owns 135,642 shares of the company’s stock valued at $1,639,000 after acquiring an additional 74,543 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Career Education in the fourth quarter valued at $200,000. Institutional investors own 77.42% of the company’s stock.

Shares of CECO stock opened at $13.04 on Friday. The firm has a market cap of $893.69, a P/E ratio of 42.06 and a beta of 2.73. Career Education has a 12 month low of $8.10 and a 12 month high of $14.33.

Career Education (NASDAQ:CECO) last issued its earnings results on Wednesday, February 21st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $143.12 million during the quarter, compared to the consensus estimate of $141.30 million. Career Education had a negative net margin of 5.35% and a positive return on equity of 6.73%. The company’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. analysts expect that Career Education will post 0.9 EPS for the current year.

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About Career Education

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.

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