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.

Hedge funds have recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new stake in shares of Career Education during the second quarter worth $33,000. Daiwa Securities Group Inc. bought a new stake in shares of Career Education during the second quarter worth $80,000. NumerixS Investment Technologies Inc bought a new stake in shares of Career Education during the second quarter worth $145,000. Nkcfo LLC acquired a new position in Career Education during the second quarter worth $151,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Career Education by 107.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,860 shares of the company’s stock worth $163,000 after purchasing an additional 5,101 shares during the last quarter. 83.90% of the stock is owned by institutional investors.

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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Insider Buying and Selling by Quarter for Career Education (NASDAQ:CECO)

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