BidaskClub lowered shares of Career Education Corporation (NASDAQ:CECO) from a sell rating to a strong sell rating in a report published on Tuesday.

Separately, Piper Jaffray Companies reiterated a hold rating and set a $13.00 target price on shares of Career Education Corporation in a research report on Friday, July 21st.

Career Education Corporation (NASDAQ:CECO) remained flat at $8.30 during midday trading on Tuesday. The company had a trading volume of 175,770 shares. The company has a 50 day moving average price of $9.36 and a 200-day moving average price of $9.38. The stock’s market cap is $572.93 million. Career Education Corporation has a one year low of $6.25 and a one year high of $12.59.

Career Education Corporation (NASDAQ:CECO) last posted its earnings results on Wednesday, May 3rd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. Career Education Corporation had a negative net margin of 2.48% and a positive return on equity of 6.03%. The business had revenue of $162.11 million for the quarter. On average, analysts expect that Career Education Corporation will post $0.07 EPS for the current year.

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In other Career Education Corporation news, SVP Jeffrey David Ayers sold 14,560 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $10.50, for a total transaction of $152,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.88% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CECO. Frontier Capital Management Co. LLC raised its stake in Career Education Corporation by 0.4% in the second quarter. Frontier Capital Management Co. LLC now owns 6,874,484 shares of the company’s stock valued at $65,995,000 after buying an additional 27,892 shares in the last quarter. Renaissance Technologies LLC raised its stake in Career Education Corporation by 10.6% in the first quarter. Renaissance Technologies LLC now owns 4,727,962 shares of the company’s stock valued at $41,133,000 after buying an additional 453,500 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Career Education Corporation by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,633,871 shares of the company’s stock valued at $40,315,000 after buying an additional 411,878 shares in the last quarter. Vanguard Group Inc. raised its stake in Career Education Corporation by 6.5% in the first quarter. Vanguard Group Inc. now owns 3,227,015 shares of the company’s stock valued at $28,074,000 after buying an additional 195,956 shares in the last quarter. Finally, State Street Corp raised its stake in Career Education Corporation by 9.8% in the first quarter. State Street Corp now owns 1,604,118 shares of the company’s stock valued at $13,958,000 after buying an additional 143,807 shares in the last quarter. Institutional investors own 74.92% of the company’s stock.

About Career Education Corporation

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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