Career Education (NASDAQ:CECO) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Career Education (CECO) opened at $13.04 on Wednesday. Career Education has a fifty-two week low of $7.62 and a fifty-two week high of $13.92. The company has a market capitalization of $886.47, a price-to-earnings ratio of 54.63 and a beta of 2.70.

Career Education (NASDAQ:CECO) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Career Education had a positive return on equity of 4.99% and a negative net margin of 3.35%. The company had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $149.10 million. During the same quarter in the previous year, the firm earned $0.21 EPS. Career Education’s revenue was down 13.5% on a year-over-year basis. equities research analysts anticipate that Career Education will post 0.18 earnings per share for the current year.

In other Career Education news, SVP Andrew Hurst sold 3,889 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $12.81, for a total value of $49,818.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 2,700 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $12.12, for a total value 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 disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bayesian Capital Management LP acquired a new position in Career Education in the 2nd quarter worth about $100,000. PNC Financial Services Group Inc. increased its holdings in Career Education by 1.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,520 shares of the company’s stock worth $101,000 after purchasing an additional 162 shares in the last quarter. Cambria Investment Management L.P. acquired a new position in Career Education in the 3rd quarter worth about $113,000. Cubist Systematic Strategies LLC acquired a new position in Career Education in the 3rd quarter worth about $126,000. Finally, SG Americas Securities LLC acquired a new position in Career Education in the 3rd quarter worth about $133,000. 76.45% of the stock is owned by institutional investors and hedge funds.

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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.

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