Insider Selling: Career Education Corp. (CECO) SVP Sells $18,616.00 in Stock
Career Education Corp. (NASDAQ:CECO) SVP Andrew Hurst sold 1,300 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $14.32, for a total transaction of $18,616.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Career Education stock traded down $0.15 during trading hours on Thursday, reaching $13.00. 3,981 shares of the stock were exchanged, compared to its average volume of 220,593. The company has a market capitalization of $909.68 million, a price-to-earnings ratio of 42.03, a PEG ratio of 1.45 and a beta of 1.75. Career Education Corp. has a twelve month low of $11.38 and a twelve month high of $19.07.
Career Education (NASDAQ:CECO) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $146.00 million for the quarter, compared to the consensus estimate of $146.50 million. Career Education had a negative net margin of 0.57% and a positive return on equity of 16.59%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. On average, research analysts forecast that Career Education Corp. will post 0.9 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Career Education by 9.5% during the second quarter. BlackRock Inc. now owns 9,361,124 shares of the company’s stock worth $151,368,000 after buying an additional 815,638 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in Career Education by 4.3% during the third quarter. Frontier Capital Management Co. LLC now owns 6,957,548 shares of the company’s stock worth $103,876,000 after buying an additional 289,554 shares in the last quarter. Renaissance Technologies LLC grew its stake in Career Education by 6.5% during the second quarter. Renaissance Technologies LLC now owns 4,497,662 shares of the company’s stock worth $72,727,000 after buying an additional 273,900 shares in the last quarter. FMR LLC acquired a new stake in Career Education during the second quarter worth about $27,152,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Career Education by 13.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,049,838 shares of the company’s stock worth $16,976,000 after buying an additional 125,425 shares in the last quarter. Hedge funds and other institutional investors own 82.55% of the company’s stock.
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Career Education Company 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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