Barrington Research assumed coverage on shares of Career Education (NASDAQ:CECO) in a research report released on Monday, MarketBeat reports. The firm issued an outperform rating and a $18.00 price target on the stock.

Other analysts have also issued research reports about the company. ValuEngine lowered Career Education from a strong-buy rating to a buy rating in a research note on Tuesday, September 4th. BidaskClub lowered Career Education from a buy rating to a hold rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research lowered Career Education from a hold rating to a sell rating in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $18.63.

Shares of CECO opened at $13.46 on Monday. The company has a market cap of $941.08 million, a PE ratio of 43.42, a PEG ratio of 1.57 and a beta of 1.79. Career Education has a 1 year low of $11.38 and a 1 year high of $19.07.

Career Education (NASDAQ:CECO) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Career Education had a positive return on equity of 16.59% and a negative net margin of 0.57%. The company had revenue of $146.00 million for the quarter, compared to analyst estimates of $146.50 million. During the same quarter in the prior year, the firm posted $0.05 EPS. Career Education’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Career Education will post 0.9 earnings per share for the current fiscal year.

In related news, SVP John Robert Kline sold 4,700 shares of Career Education stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $15.00, for a total transaction of $70,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard D. Wang sold 250,000 shares of Career Education stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $15.21, for a total value of $3,802,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 256,000 shares of company stock valued at $3,891,616. 5.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CECO. Schwab Charles Investment Management Inc. boosted its position in shares of Career Education by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 672,732 shares of the company’s stock worth $10,879,000 after buying an additional 3,768 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Career Education by 33.0% during the third quarter. Wedge Capital Management L L P NC now owns 15,703 shares of the company’s stock valued at $234,000 after buying an additional 3,897 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Career Education by 29.0% during the second quarter. SG Americas Securities LLC now owns 18,841 shares of the company’s stock valued at $305,000 after buying an additional 4,241 shares during the last quarter. Arizona State Retirement System raised its position in shares of Career Education by 5.0% during the third quarter. Arizona State Retirement System now owns 101,143 shares of the company’s stock valued at $1,510,000 after buying an additional 4,837 shares during the last quarter. Finally, Stone Ridge Asset Management LLC raised its position in shares of Career Education by 13.6% during the third quarter. Stone Ridge Asset Management LLC now owns 52,101 shares of the company’s stock valued at $778,000 after buying an additional 6,233 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

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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