Career Education Corp. (NASDAQ:CECO) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 848,108 shares, a decline of 26.1% from the February 15th total of 1,148,041 shares. Based on an average daily trading volume, of 596,003 shares, the short-interest ratio is presently 1.4 days. Approximately 1.2% of the company’s shares are short sold.

In related news, SVP Jeffrey David Ayers sold 10,918 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $12.79, for a total value of $139,641.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Robert Kline sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $15.20, for a total value of $71,440.00. The disclosure for this sale can be found here. Insiders have sold 26,521 shares of company stock valued at $352,820 in the last 90 days. Company insiders own 5.70% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. American Century Companies Inc. bought a new position in Career Education in the fourth quarter worth approximately $411,000. Geode Capital Management LLC raised its stake in Career Education by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 803,253 shares of the company’s stock worth $9,173,000 after buying an additional 79,206 shares in the last quarter. FMR LLC raised its stake in Career Education by 16.3% in the fourth quarter. FMR LLC now owns 2,752,020 shares of the company’s stock worth $31,428,000 after buying an additional 385,087 shares in the last quarter. Amalgamated Bank bought a new position in Career Education in the fourth quarter worth approximately $125,000. Finally, Legal & General Group Plc raised its stake in Career Education by 1.0% in the fourth quarter. Legal & General Group Plc now owns 150,253 shares of the company’s stock worth $1,720,000 after buying an additional 1,522 shares in the last quarter. 80.97% of the stock is owned by institutional investors.

A number of analysts recently issued reports on CECO shares. Barrington Research started coverage on Career Education in a report on Sunday, December 9th. They issued an “outperform” rating and a $13.49 price target for the company. Zacks Investment Research lowered Career Education from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. BidaskClub upgraded Career Education from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Finally, ValuEngine upgraded Career Education from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Career Education presently has an average rating of “Buy” and an average target price of $19.13.

Shares of NASDAQ:CECO opened at $16.54 on Monday. The company has a market capitalization of $1.14 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. Career Education has a 52 week low of $11.01 and a 52 week high of $19.07.

Career Education (NASDAQ:CECO) last issued its quarterly earnings data on Wednesday, February 20th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $145.50 million during the quarter, compared to the consensus estimate of $144.63 million. Career Education had a net margin of 9.49% and a return on equity of 19.78%. Career Education’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, analysts forecast that Career Education will post 1.14 EPS for the current fiscal year.

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About Career Education

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.

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