WINTON GROUP Ltd bought a new position in shares of Career Education Corp. (NASDAQ:CECO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 446,355 shares of the company’s stock, valued at approximately $5,392,000. WINTON GROUP Ltd owned approximately 0.65% of Career Education at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Career Education by 2.1% during the 4th quarter. BlackRock Inc. now owns 8,413,987 shares of the company’s stock worth $101,642,000 after acquiring an additional 169,974 shares in the last quarter. Vanguard Group Inc. increased its holdings in Career Education by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,359,052 shares of the company’s stock worth $32,247,000 after purchasing an additional 132,037 shares during the period. Mangrove Partners increased its holdings in Career Education by 32.4% during the 3rd quarter. Mangrove Partners now owns 2,526,019 shares of the company’s stock worth $26,245,000 after purchasing an additional 618,332 shares during the period. State Street Corp increased its holdings in Career Education by 1.9% during the 2nd quarter. State Street Corp now owns 1,634,786 shares of the company’s stock worth $15,693,000 after purchasing an additional 30,668 shares during the period. Finally, Northern Trust Corp increased its holdings in Career Education by 0.3% during the 2nd quarter. Northern Trust Corp now owns 782,340 shares of the company’s stock worth $7,510,000 after purchasing an additional 2,103 shares during the period. 77.41% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Jeffrey David Ayers sold 39,141 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $13.89, for a total value of $543,668.49. Following the transaction, the senior vice president now owns 196,472 shares in the company, valued at approximately $2,728,996.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.01% of the company’s stock.
Several equities research analysts have weighed in on CECO shares. BidaskClub downgraded Career Education from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. ValuEngine upgraded Career Education from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
Shares of Career Education Corp. (NASDAQ CECO) traded up $0.08 during midday trading on Wednesday, reaching $13.85. The company’s stock had a trading volume of 187,264 shares, compared to its average volume of 259,463. Career Education Corp. has a 12 month low of $7.95 and a 12 month high of $14.33. The stock has a market cap of $956.95, a P/E ratio of 44.68 and a beta of 2.56.
Career Education (NASDAQ:CECO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Career Education had a positive return on equity of 6.73% and a negative net margin of 5.35%. The company had revenue of $143.12 million for the quarter, compared to the consensus estimate of $141.30 million. During the same quarter in the prior year, the business earned ($0.44) EPS. Career Education’s revenue was down 7.8% on a year-over-year basis. research analysts anticipate that Career Education Corp. will post 0.9 EPS for the current fiscal year.
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Career Education Profile
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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