Shares of Career Education Corp. (NASDAQ:CECO) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a twelve-month consensus price target of $20.25 for the company and are expecting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Career Education an industry rank of 167 out of 255 based on the ratings given to its competitors.

CECO has been the topic of a number of recent research reports. BidaskClub cut Career Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. ValuEngine cut Career Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research cut Career Education from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $19.50 target price on shares of Career Education in a report on Thursday, August 2nd.

In other news, Director Richard D. Wang sold 250,000 shares of Career Education stock in a transaction on Friday, September 7th. The stock was sold at an average price of $15.21, for a total transaction of $3,802,500.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory L. Jackson sold 21,828 shares of Career Education stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $16.46, for a total value of $359,288.88. Following the transaction, the director now owns 62,291 shares in the company, valued at approximately $1,025,309.86. The disclosure for this sale can be found here. Insiders have sold 365,476 shares of company stock worth $5,611,654 in the last quarter. 5.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Amalgamated Bank purchased a new position in shares of Career Education during the second quarter valued at $179,000. Wedge Capital Management L L P NC purchased a new position in Career Education in the second quarter valued at about $191,000. Bank of Montreal Can purchased a new position in Career Education in the second quarter valued at about $193,000. KBC Group NV purchased a new position in Career Education in the second quarter valued at about $202,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Career Education in the second quarter valued at about $226,000. Institutional investors and hedge funds own 81.55% of the company’s stock.

CECO opened at $14.01 on Monday. Career Education has a one year low of $10.40 and a one year high of $19.07. The firm has a market capitalization of $1.04 billion, a PE ratio of 45.19, a PEG ratio of 1.72 and a beta of 2.58.

Career Education (NASDAQ:CECO) last issued its earnings results on Wednesday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.08). The company had revenue of $142.04 million during the quarter, compared to analyst estimates of $141.15 million. Career Education had a positive return on equity of 12.05% and a negative net margin of 2.61%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, research analysts forecast that Career Education will post 0.87 earnings per share for the current fiscal year.

About Career Education

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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