Career Education Corp. (NASDAQ:CECO) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus price target of $13.50 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Career Education an industry rank of 188 out of 265 based on the ratings given to related companies.

Separately, BidaskClub cut shares of Career Education from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th.

In related news, SVP Andrew Hurst sold 3,889 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $12.81, for a total value of $49,818.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Career Education by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 10,520 shares of the company’s stock valued at $101,000 after purchasing an additional 162 shares during the period. Cambria Investment Management L.P. purchased a new position in Career Education during the 3rd quarter valued at about $113,000. Aperio Group LLC purchased a new position in Career Education during the 4th quarter valued at about $145,000. Cubist Systematic Strategies LLC purchased a new position in Career Education during the 3rd quarter valued at about $126,000. Finally, SG Americas Securities LLC purchased a new position in Career Education during the 3rd quarter valued at about $133,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Career Education (CECO) traded up $0.19 during mid-day trading on Wednesday, hitting $11.92. 161,081 shares of the stock traded hands, compared to its average volume of 232,964. Career Education has a one year low of $7.62 and a one year high of $13.92. The firm has a market cap of $810.47, a PE ratio of -38.45 and a beta of 2.73.

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Career Education 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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