Rhumbline Advisers lifted its holdings in shares of Career Education Corp. (NASDAQ:CECO) by 14.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,587 shares of the company’s stock after purchasing an additional 20,334 shares during the quarter. Rhumbline Advisers owned about 0.23% of Career Education worth $1,904,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambria Investment Management L.P. acquired a new stake in shares of Career Education during the third quarter worth about $113,000. Aperio Group LLC acquired a new stake in shares of Career Education during the fourth quarter worth about $145,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Career Education during the third quarter worth about $126,000. SG Americas Securities LLC acquired a new stake in shares of Career Education during the third quarter worth about $133,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Career Education during the third quarter worth about $133,000. 77.41% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have recently issued reports on CECO. BidaskClub cut shares of Career Education from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine raised shares of Career Education from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

In related news, SVP Jeffrey David Ayers sold 39,141 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $13.89, for a total value of $543,668.49. Following the sale, the senior vice president now owns 196,472 shares of the company’s stock, valued at $2,728,996.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

Shares of Career Education Corp. (CECO) opened at $13.59 on Friday. The stock has a market cap of $950.37, a PE ratio of -28.91 and a beta of 2.56. Career Education Corp. has a 1 year low of $8.10 and a 1 year high of $14.33.

Career Education (NASDAQ:CECO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The business had revenue of $143.12 million for the quarter, compared to analysts’ expectations of $141.30 million. Career Education had a negative net margin of 5.35% and a positive return on equity of 6.73%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) earnings per share. research analysts anticipate that Career Education Corp. will post 0.9 earnings per share for the current fiscal year.

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Career Education Profile

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

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