Principal Financial Group Inc. lowered its stake in shares of Career Education Corporation (NASDAQ:CECO) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 493,541 shares of the company’s stock after selling 9,821 shares during the period. Principal Financial Group Inc. owned 0.71% of Career Education Corporation worth $4,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Frontier Capital Management Co. LLC boosted its position in Career Education Corporation by 0.4% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 6,874,484 shares of the company’s stock valued at $65,995,000 after acquiring an additional 27,892 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Career Education Corporation by 10.6% in the 1st quarter. Renaissance Technologies LLC now owns 4,727,962 shares of the company’s stock valued at $41,133,000 after acquiring an additional 453,500 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Career Education Corporation by 9.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,633,871 shares of the company’s stock valued at $40,315,000 after acquiring an additional 411,878 shares during the period. Vanguard Group Inc. increased its holdings in shares of Career Education Corporation by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 3,227,015 shares of the company’s stock valued at $28,074,000 after acquiring an additional 195,956 shares during the period. Finally, State Street Corp increased its holdings in shares of Career Education Corporation by 9.8% in the 1st quarter. State Street Corp now owns 1,604,118 shares of the company’s stock valued at $13,958,000 after acquiring an additional 143,807 shares during the period. Institutional investors own 75.38% of the company’s stock.

In related news, Director Gregory L. Jackson bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $8.78 per share, for a total transaction of $87,800.00. Following the completion of the acquisition, the director now owns 30,866 shares in the company, valued at approximately $271,003.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.88% of the stock is currently owned by company insiders.

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Shares of Career Education Corporation (NASDAQ:CECO) opened at 10.70 on Wednesday. Career Education Corporation has a 52-week low of $6.55 and a 52-week high of $12.59. The firm’s 50 day moving average is $9.63 and its 200 day moving average is $9.46. The stock’s market capitalization is $739.11 million.

Career Education Corporation (NASDAQ:CECO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $146.20 million for the quarter, compared to analyst estimates of $147.80 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company’s revenue was down 19.9% on a year-over-year basis. Equities analysts expect that Career Education Corporation will post $0.18 earnings per share for the current year.

Several research analysts have recently commented on CECO shares. BidaskClub raised Career Education Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price objective on shares of Career Education Corporation in a research report on Friday, July 21st.

Career Education Corporation 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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