Alpine Group USVI LLC bought a new stake in Career Education Corp. (NASDAQ:CECO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,987 shares of the company’s stock, valued at approximately $222,000.
Other large investors have also bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Career Education by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 4,374,762 shares of the company’s stock valued at $83,427,000 after buying an additional 279,486 shares during the period. Vanguard Group Inc. raised its holdings in shares of Career Education by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,296,000 shares of the company’s stock valued at $81,925,000 after buying an additional 27,493 shares during the period. FMR LLC raised its holdings in shares of Career Education by 13.9% in the 1st quarter. FMR LLC now owns 3,134,862 shares of the company’s stock valued at $51,788,000 after buying an additional 382,842 shares during the period. SG Capital Management LLC raised its holdings in shares of Career Education by 7.2% in the 2nd quarter. SG Capital Management LLC now owns 1,552,509 shares of the company’s stock valued at $29,606,000 after buying an additional 104,649 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Career Education in the 2nd quarter valued at $25,452,000. Institutional investors own 84.72% of the company’s stock.
NASDAQ CECO traded up $0.41 during trading hours on Friday, hitting $15.22. 23,208 shares of the company were exchanged, compared to its average volume of 763,551. The company has a 50 day moving average of $18.51 and a two-hundred day moving average of $18.78. The company has a quick ratio of 2.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.11. Career Education Corp. has a 52-week low of $11.01 and a 52-week high of $22.50. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.81 and a beta of 1.47.
Career Education (NASDAQ:CECO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.10. Career Education had a return on equity of 25.42% and a net margin of 8.78%. The company had revenue of $156.44 million for the quarter, compared to the consensus estimate of $148.10 million. During the same quarter in the prior year, the business earned $0.23 EPS. Career Education’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts predict that Career Education Corp. will post 1.25 EPS for the current year.
In other Career Education news, Director Thomas B. Lally sold 16,000 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $15.75, for a total transaction of $252,000.00. Following the sale, the director now owns 50,619 shares in the company, valued at approximately $797,249.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Andrew Hurst sold 14,388 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $19.18, for a total value of $275,961.84. Following the sale, the senior vice president now owns 187,853 shares in the company, valued at approximately $3,603,020.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 307,597 shares of company stock worth $5,461,450. 5.58% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on CECO shares. Barrington Research reiterated a “buy” rating and issued a $26.00 price objective on shares of Career Education in a report on Thursday. TheStreet downgraded Career Education from a “b” rating to a “c+” rating in a report on Thursday, August 8th. Zacks Investment Research upgraded Career Education from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, October 3rd. BidaskClub downgraded Career Education from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, ValuEngine downgraded Career Education from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Career Education presently has an average rating of “Hold” and a consensus price target of $22.67.
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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