Insider Selling: Career Education Corp. (NASDAQ:CECO) SVP Sells 15,278 Shares of Stock
Career Education Corp. (NASDAQ:CECO) SVP David C. Czeszewski sold 15,278 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $21.31, for a total transaction of $325,574.18. Following the completion of the transaction, the senior vice president now owns 128,409 shares in the company, valued at $2,736,395.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ:CECO traded up $0.33 during trading hours on Thursday, hitting $21.74. The stock had a trading volume of 4,516 shares, compared to its average volume of 482,761. Career Education Corp. has a one year low of $11.01 and a one year high of $22.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.49 and a current ratio of 2.50. The stock has a market cap of $1.49 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The firm has a 50 day moving average price of $19.63.
Career Education (NASDAQ:CECO) last issued its earnings results on Wednesday, August 7th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.10. Career Education had a net margin of 8.78% and a return on equity of 25.42%. The firm had revenue of $156.44 million during the quarter, compared to the consensus estimate of $148.10 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Career Education Corp. will post 1.22 EPS for the current fiscal year.
Several equities analysts recently weighed in on CECO shares. Zacks Investment Research lowered shares of Career Education from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Sidoti set a $24.00 price objective on shares of Career Education and gave the company a “buy” rating in a report on Friday, June 7th. Barrington Research restated an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of Career Education in a report on Thursday, August 8th. BidaskClub lowered shares of Career Education from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Finally, TheStreet downgraded shares of Career Education from a “b” rating to a “c+” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.00.
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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