A number of other research analysts also recently commented on CECO. TheStreet downgraded shares of Career Education from a b rating to a c+ rating in a research report on Thursday, August 8th. Barrington Research reissued an outperform rating and set a $26.00 target price (up previously from $24.00) on shares of Career Education in a research report on Thursday, August 8th. Sidoti set a $24.00 target price on shares of Career Education and gave the company a buy rating in a research report on Friday, June 7th. Finally, Zacks Investment Research cut shares of Career Education from a buy rating to a hold rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Career Education presently has a consensus rating of Buy and a consensus price target of $24.00.
NASDAQ CECO opened at $21.99 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.49 and a current ratio of 2.50. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.20 and a beta of 1.56. The company’s 50-day simple moving average is $19.95 and its two-hundred day simple moving average is $17.93. Career Education has a one year low of $11.01 and a one year high of $22.44.
In other news, SVP David C. Czeszewski sold 15,278 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.31, for a total value of $325,574.18. Following the sale, the senior vice president now directly owns 128,409 shares in the company, valued at approximately $2,736,395.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michele A. Peppers sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $21.56, for a total transaction of $107,800.00. The disclosure for this sale can be found here. Insiders sold a total of 25,067 shares of company stock worth $527,382 over the last 90 days. Company insiders own 5.58% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Convergence Investment Partners LLC bought a new stake in shares of Career Education in the 2nd quarter valued at about $225,000. Rhumbline Advisers boosted its stake in Career Education by 0.5% in the 1st quarter. Rhumbline Advisers now owns 194,691 shares of the company’s stock worth $3,216,000 after purchasing an additional 924 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Career Education in the 1st quarter worth approximately $2,019,000. New York State Teachers Retirement System boosted its stake in Career Education by 10.5% in the 2nd quarter. New York State Teachers Retirement System now owns 169,860 shares of the company’s stock worth $3,239,000 after purchasing an additional 16,200 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in Career Education in the 1st quarter worth approximately $682,000. Institutional investors and hedge funds own 85.72% of the company’s stock.
Career Education Company Profile
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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