Career Education Corporation (CECO) Position Decreased by Credit Suisse AG
Credit Suisse AG reduced its position in shares of Career Education Corporation (NASDAQ:CECO) by 36.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,124 shares of the company’s stock after selling 37,209 shares during the period. Credit Suisse AG owned 0.09% of Career Education Corporation worth $566,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Teachers Advisors LLC increased its position in Career Education Corporation by 67.6% in the fourth quarter. Teachers Advisors LLC now owns 216,757 shares of the company’s stock worth $2,187,000 after buying an additional 87,454 shares during the period. Louisiana State Employees Retirement System increased its position in Career Education Corporation by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the company’s stock worth $228,000 after buying an additional 300 shares during the period. Strs Ohio increased its position in Career Education Corporation by 9.0% in the first quarter. Strs Ohio now owns 83,500 shares of the company’s stock worth $726,000 after buying an additional 6,900 shares during the period. Russell Investments Group Ltd. increased its position in Career Education Corporation by 44.0% in the first quarter. Russell Investments Group Ltd. now owns 148,009 shares of the company’s stock worth $1,288,000 after buying an additional 45,231 shares during the period. Finally, Old Mutual Global Investors UK Ltd. bought a new position in Career Education Corporation during the first quarter worth approximately $120,000. 75.38% of the stock is currently owned by hedge funds and other institutional investors.
Career Education Corporation (NASDAQ CECO) traded up 0.11% on Wednesday, hitting $9.37. 35,075 shares of the company were exchanged. The stock’s market cap is $647.24 million. The firm has a 50 day moving average of $8.91 and a 200-day moving average of $9.24. Career Education Corporation has a 52-week low of $6.25 and a 52-week high of $12.59.
Career Education Corporation (NASDAQ:CECO) last issued its earnings results on Wednesday, August 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.11. The firm had revenue of $146.20 million during the quarter, compared to analysts’ expectations of $147.80 million. Career Education Corporation had a positive return on equity of 3.73% and a negative net margin of 3.82%. Career Education Corporation’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. On average, equities analysts expect that Career Education Corporation will post $0.18 earnings per share for the current fiscal year.
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A number of research analysts recently commented on CECO shares. BidaskClub downgraded shares of Career Education Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 target price on shares of Career Education Corporation in a research report on Friday, July 21st.
In related news, Director Gregory L. Jackson acquired 10,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $8.78 per share, with a total value of $87,800.00. Following the completion of the acquisition, the director now owns 30,866 shares in the company, valued at $271,003.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.88% of the stock is owned by company insiders.
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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