Career Education Corp. (NASDAQ:CECO) insider Michele A. Peppers sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $21.56, for a total transaction of $107,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ CECO traded up $0.20 on Friday, reaching $22.08. 443,900 shares of the stock were exchanged, compared to its average volume of 513,453. Career Education Corp. has a one year low of $11.01 and a one year high of $22.26. The firm has a market capitalization of $1.50 billion, a PE ratio of 21.03, a PEG ratio of 1.17 and a beta of 1.56. The company’s 50-day simple moving average is $19.76 and its two-hundred day simple moving average is $17.87. The company has a current ratio of 2.50, a quick ratio of 2.49 and a debt-to-equity ratio of 0.11.

Career Education (NASDAQ:CECO) last released its earnings results on Wednesday, August 7th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $156.44 million for the quarter, compared to analysts’ expectations of $148.10 million. Career Education had a net margin of 8.78% and a return on equity of 25.42%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. Sell-side analysts forecast that Career Education Corp. will post 1.22 earnings per share for the current fiscal year.

A number of research firms have commented on CECO. BidaskClub upgraded shares of Career Education from a “sell” rating to a “hold” rating in a research note on Saturday. Sidoti set a $24.00 target price on shares of Career Education and gave the stock a “buy” rating in a research note on Friday, June 7th. Barrington Research restated an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of Career Education in a research note on Thursday, August 8th. TheStreet cut shares of Career Education from a “b” rating to a “c+” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Career Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $24.00.

Several institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in shares of Career Education by 7.9% during the first quarter. LS Investment Advisors LLC now owns 10,112 shares of the company’s stock valued at $167,000 after buying an additional 741 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Career Education by 3.4% during the first quarter. Mason Street Advisors LLC now owns 22,408 shares of the company’s stock valued at $370,000 after buying an additional 744 shares during the last quarter. Rhumbline Advisers raised its position in shares of Career Education by 0.5% during the first quarter. Rhumbline Advisers now owns 194,691 shares of the company’s stock valued at $3,216,000 after buying an additional 924 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of Career Education by 5.6% during the first quarter. Piedmont Investment Advisors Inc. now owns 17,496 shares of the company’s stock valued at $289,000 after buying an additional 927 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Career Education by 1.0% during the second quarter. Arizona State Retirement System now owns 108,745 shares of the company’s stock valued at $2,074,000 after buying an additional 1,111 shares during the last quarter. Hedge funds and other institutional investors own 83.90% of the company’s stock.

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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Insider Buying and Selling by Quarter for Career Education (NASDAQ:CECO)

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