Cambria Investment Management L.P. purchased a new position in Career Education Corporation (NASDAQ:CECO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,919 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Career Education by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 3,227,015 shares of the company’s stock valued at $28,074,000 after purchasing an additional 195,956 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Career Education by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 509,952 shares of the company’s stock valued at $4,436,000 after purchasing an additional 8,567 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Career Education by 99.6% during the 1st quarter. Bank of America Corp DE now owns 99,219 shares of the company’s stock valued at $863,000 after purchasing an additional 49,513 shares in the last quarter. State Street Corp boosted its stake in shares of Career Education by 9.8% during the 1st quarter. State Street Corp now owns 1,604,118 shares of the company’s stock valued at $13,958,000 after purchasing an additional 143,807 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Career Education by 4.8% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 49,919 shares of the company’s stock valued at $434,000 after purchasing an additional 2,271 shares in the last quarter. 76.45% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP John Robert Kline sold 2,700 shares of Career Education stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $12.12, for a total transaction of $32,724.00. Following the completion of the transaction, the senior vice president now directly owns 96,718 shares of the company’s stock, valued at approximately $1,172,222.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Andrew Hurst sold 3,889 shares of Career Education stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $12.81, for a total transaction of $49,818.09. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.

Separately, BidaskClub raised shares of Career Education from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th.

Shares of Career Education Corporation (CECO) opened at $12.54 on Wednesday. The firm has a market cap of $873.34, a PE ratio of 53.13 and a beta of 2.70. Career Education Corporation has a 52 week low of $7.62 and a 52 week high of $13.92.

Career Education (NASDAQ:CECO) last announced its earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The firm 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 company’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. equities analysts predict that Career Education Corporation will post 0.18 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Cambria Investment Management L.P. Invests $113,000 in Career Education Corporation (CECO) Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/cambria-investment-management-l-p-invests-113000-in-career-education-corporation-ceco-stock/1760537.html.

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.

Want to see what other hedge funds are holding CECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Career Education Corporation (NASDAQ:CECO).

Institutional Ownership by Quarter for Career Education (NASDAQ:CECO)

Receive News & Ratings for Career Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Career Education and related companies with Analyst Ratings Network's FREE daily email newsletter.