Teachers Retirement System of The State of Kentucky Lowers Stake in Career Education Corporation (CECO)
Teachers Retirement System of The State of Kentucky decreased its stake in shares of Career Education Corporation (NASDAQ:CECO) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,700 shares of the company’s stock after selling 4,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Career Education were worth $194,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Career Education during the third quarter worth $133,000. Municipal Employees Retirement System of Michigan increased its position in shares of Career Education by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 24,350 shares of the company’s stock worth $253,000 after acquiring an additional 9,020 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Career Education by 40.3% during the third quarter. BNP Paribas Arbitrage SA now owns 39,860 shares of the company’s stock worth $414,000 after acquiring an additional 11,442 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Career Education by 0.4% during the third quarter. Frontier Capital Management Co. LLC now owns 6,900,815 shares of the company’s stock worth $71,699,000 after acquiring an additional 26,331 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Career Education during the third quarter worth $133,000. 76.38% of the stock is owned by institutional investors.
In other news, SVP John Robert Kline sold 2,700 shares of Career Education stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $12.12, for a total value of $32,724.00. Following the completion of the transaction, the senior vice president now owns 96,718 shares of the company’s stock, valued at approximately $1,172,222.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Andrew Hurst sold 3,889 shares of Career Education stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $12.81, for a total transaction of $49,818.09. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by company insiders.
Separately, BidaskClub raised shares of Career Education from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th.
Career Education Corporation (NASDAQ CECO) opened at $13.11 on Monday. The firm has a market cap of $905.82, a price-to-earnings ratio of 54.63 and a beta of 2.70. Career Education Corporation has a 12-month low of $7.62 and a 12-month high of $13.92.
Career Education (NASDAQ:CECO) last released its earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate of $149.10 million. Career Education had a negative net margin of 3.35% and a positive return on equity of 4.99%. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. equities analysts predict that Career Education Corporation will post 0.18 earnings per share for the current fiscal year.
Career Education 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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