Career Education Corporation (NASDAQ:CECO) SVP Andrew Hurst sold 3,889 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $12.81, for a total transaction of $49,818.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Career Education Corporation (NASDAQ CECO) opened at $13.08 on Wednesday. The firm has a market capitalization of $872.65, a P/E ratio of 52.63 and a beta of 2.66. Career Education Corporation has a fifty-two week low of $7.62 and a fifty-two week high of $13.23.

Career Education Corporation (NASDAQ:CECO) last issued its earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $145.00 million for the quarter, compared to analyst estimates of $149.10 million. Career Education Corporation had a positive return on equity of 4.99% and a negative net margin of 3.35%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. analysts forecast that Career Education Corporation will post 0.18 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of CECO. Cloverdale Capital Management LLC acquired a new stake in shares of Career Education Corporation during the 2nd quarter worth approximately $7,377,000. Mangrove Partners raised its position in Career Education Corporation by 32.4% in the 3rd quarter. Mangrove Partners now owns 2,526,019 shares of the company’s stock valued at $26,245,000 after purchasing an additional 618,332 shares during the last quarter. Lonestar Capital Management LLC raised its position in Career Education Corporation by 127.4% in the 2nd quarter. Lonestar Capital Management LLC now owns 828,806 shares of the company’s stock valued at $7,957,000 after purchasing an additional 464,290 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Career Education Corporation by 9.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,633,871 shares of the company’s stock valued at $40,315,000 after purchasing an additional 411,878 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Career Education Corporation by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 3,227,015 shares of the company’s stock valued at $28,074,000 after purchasing an additional 195,956 shares during the last quarter. 74.10% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded shares of Career Education Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th.

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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