Career Education Corporation (CECO) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. boosted its position in Career Education Corporation (NASDAQ:CECO) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 336,005 shares of the company’s stock after buying an additional 15,020 shares during the period. Ameriprise Financial Inc. owned approximately 0.49% of Career Education Corporation worth $2,924,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CECO. Dimensional Fund Advisors LP boosted its stake in shares of Career Education Corporation by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,221,993 shares of the company’s stock valued at $42,600,000 after buying an additional 312,165 shares in the last quarter. State Street Corp boosted its stake in shares of Career Education Corporation by 7.7% in the fourth quarter. State Street Corp now owns 1,460,311 shares of the company’s stock valued at $14,734,000 after buying an additional 103,996 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Career Education Corporation by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 1,107,937 shares of the company’s stock valued at $9,639,000 after buying an additional 80,507 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Career Education Corporation by 7.2% in the fourth quarter. AQR Capital Management LLC now owns 615,153 shares of the company’s stock valued at $6,207,000 after buying an additional 41,373 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of Career Education Corporation during the first quarter valued at about $2,857,000. 74.92% of the stock is owned by institutional investors.
Career Education Corporation (NASDAQ:CECO) remained flat at $8.30 during trading on Friday. The stock had a trading volume of 175,770 shares. The stock’s market capitalization is $572.93 million. Career Education Corporation has a 12 month low of $6.25 and a 12 month high of $12.59. The stock’s 50 day moving average price is $9.36 and its 200-day moving average price is $9.38.
Career Education Corporation (NASDAQ:CECO) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $162.11 million during the quarter. Career Education Corporation had a positive return on equity of 6.03% and a negative net margin of 2.48%. On average, equities research analysts forecast that Career Education Corporation will post $0.07 EPS for the current year.
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Several brokerages have recently commented on CECO. BidaskClub downgraded shares of Career Education Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 price target on shares of Career Education Corporation in a report on Friday, July 21st.
In other news, SVP Jeffrey David Ayers sold 14,560 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $10.50, for a total transaction of $152,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.88% of the company’s stock.
Career Education Corporation Company Profile
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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