UBS Asset Management Americas Inc. lifted its position in Career Education Corporation (NASDAQ:CECO) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,216 shares of the company’s stock after acquiring an additional 59 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Career Education Corporation were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Career Education Corporation by 1.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,520 shares of the company’s stock worth $101,000 after acquiring an additional 162 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Career Education Corporation by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the company’s stock valued at $253,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System lifted its holdings in Career Education Corporation by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 33,800 shares of the company’s stock valued at $324,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Career Education Corporation by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 47,375 shares of the company’s stock valued at $455,000 after buying an additional 732 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in Career Education Corporation by 5.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 36,440 shares of the company’s stock valued at $317,000 after buying an additional 1,930 shares in the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

Career Education Corporation (NASDAQ:CECO) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.11. The business had revenue of $146.20 million for the quarter, compared to analysts’ expectations of $147.80 million. Career Education Corporation had a negative net margin of 3.82% and a positive return on equity of 3.73%. The business’s quarterly revenue was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share.

In other Career Education Corporation news, Director Gregory L. Jackson purchased 10,000 shares of Career Education Corporation stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $8.78 per share, with a total value of $87,800.00. Following the completion of the transaction, the director now owns 30,866 shares of the company’s stock, valued at $271,003.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

CECO has been the subject of a number of research analyst reports. Piper Jaffray Companies reiterated a “hold” rating and set a $13.00 price objective on shares of Career Education Corporation in a report on Friday, July 21st. BidaskClub lowered shares of Career Education Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th.

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About Career Education Corporation

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.

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

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