Metropolitan Life Insurance Co. NY increased its position in Career Education Corporation (NASDAQ:CECO) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,919 shares of the company’s stock after buying an additional 2,271 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Career Education Corporation were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CECO. AQR Capital Management LLC boosted its stake in Career Education Corporation by 23.7% in the first quarter. AQR Capital Management LLC now owns 760,656 shares of the company’s stock worth $6,617,000 after buying an additional 145,503 shares during the last quarter. State Street Corp boosted its stake in Career Education Corporation by 9.8% in the first quarter. State Street Corp now owns 1,604,118 shares of the company’s stock worth $13,958,000 after buying an additional 143,807 shares during the last quarter. Bank of America Corp DE boosted its stake in Career Education Corporation by 99.6% in the first quarter. Bank of America Corp DE now owns 99,219 shares of the company’s stock worth $863,000 after buying an additional 49,513 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Career Education Corporation by 11.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 730,468 shares of the company’s stock worth $6,356,000 after buying an additional 75,018 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Career Education Corporation by 10.6% in the first quarter. Renaissance Technologies LLC now owns 4,727,962 shares of the company’s stock worth $41,133,000 after buying an additional 453,500 shares during the last quarter. 74.70% of the stock is currently owned by institutional investors.

Career Education Corporation (NASDAQ:CECO) traded down 3.06% during mid-day trading on Tuesday, reaching $8.56. 28,717 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $9.04 and its 200-day moving average price is $9.28. The company’s market capitalization is $591.29 million. Career Education Corporation has a 52 week low of $6.25 and a 52 week high of $12.59.

Career Education Corporation (NASDAQ:CECO) last announced its earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.11. Career Education Corporation had a positive return on equity of 3.73% and a negative net margin of 3.82%. The company had revenue of $146.20 million for the quarter, compared to analyst estimates of $147.80 million. During the same period in the prior year, the company posted $0.17 EPS. Career Education Corporation’s quarterly revenue was down 19.9% on a year-over-year basis. On average, equities research analysts expect that Career Education Corporation will post $0.07 earnings per share for the current fiscal year.

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A number of research firms have weighed in on CECO. BidaskClub cut shares of Career Education Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price objective on shares of Career Education Corporation in a report on Friday, July 21st.

Career Education Corporation Company Profile

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

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