IndexIQ Advisors LLC trimmed its holdings in shares of Career Education Corp. (NASDAQ:CECO) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,100 shares of the company’s stock after selling 15,585 shares during the period. IndexIQ Advisors LLC owned about 0.07% of Career Education worth $903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CECO. FMR LLC increased its stake in shares of Career Education by 13.9% during the 1st quarter. FMR LLC now owns 3,134,862 shares of the company’s stock worth $51,788,000 after purchasing an additional 382,842 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Career Education by 121.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 33,717 shares of the company’s stock worth $557,000 after purchasing an additional 18,517 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Career Education by 30.9% during the 2nd quarter. Bank of America Corp DE now owns 51,518 shares of the company’s stock worth $982,000 after purchasing an additional 12,160 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Career Education during the 3rd quarter worth approximately $301,000. Finally, Campbell & CO Investment Adviser LLC boosted its position in Career Education by 104.5% during the third quarter. Campbell & CO Investment Adviser LLC now owns 29,962 shares of the company’s stock worth $476,000 after acquiring an additional 15,314 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of Career Education from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. ValuEngine lowered shares of Career Education from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. TheStreet upgraded shares of Career Education from a “c” rating to a “b-” rating in a research report on Friday, November 8th. Finally, Sidoti decreased their target price on shares of Career Education from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Career Education has a consensus rating of “Buy” and a consensus target price of $22.33.

Shares of NASDAQ CECO opened at $17.83 on Friday. Career Education Corp. has a 1 year low of $11.19 and a 1 year high of $22.50. The firm’s 50 day moving average price is $18.35 and its 200 day moving average price is $17.85. The firm has a market cap of $1.25 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.85 and a beta of 1.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.67 and a current ratio of 2.67.

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

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