Career Education Corp. (NASDAQ:CECO) SVP Andrew Hurst sold 6,592 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $9.72, for a total value of $64,074.24. Following the transaction, the senior vice president now directly owns 102,560 shares of the company’s stock, valued at $996,883.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Career Education Corp. (NASDAQ:CECO) traded up 2.15% on Tuesday, hitting $10.00. The stock had a trading volume of 390,292 shares. Career Education Corp. has a one year low of $2.23 and a one year high of $10.05. The stock has a market cap of $684.92 million, a P/E ratio of 4.39 and a beta of 2.60. The company’s 50-day moving average is $7.62 and its 200-day moving average is $6.72.

Career Education Corp. (NASDAQ:CECO) last issued its earnings results on Thursday, November 3rd. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.08. The business had revenue of $167.63 million for the quarter, compared to analyst estimates of $156.70 million. Career Education Corp. had a return on equity of 45.37% and a net margin of 20.94%. The business’s quarterly revenue was down 17.6% on a year-over-year basis. During the same period last year, the company posted ($0.17) EPS. On average, analysts anticipate that Career Education Corp. will post $0.15 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in Career Education Corp. by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 326,430 shares of the company’s stock valued at $1,942,000 after buying an additional 13,697 shares during the period. Oxford Asset Management bought a new position in Career Education Corp. during the second quarter valued at approximately $2,728,000. GSA Capital Partners LLP bought a new position in Career Education Corp. during the second quarter valued at approximately $285,000. EAM Investors LLC bought a new position in Career Education Corp. during the second quarter valued at approximately $1,714,000. Finally, Emerald Acquisition Ltd. bought a new position in Career Education Corp. during the second quarter valued at approximately $179,000. 72.19% of the stock is currently owned by institutional investors and hedge funds.

Separately, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $11.00 price objective (up from $6.00) on shares of Career Education Corp. in a research report on Friday, August 5th.

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About Career Education Corp.

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.

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