Insider Selling: Education Management Corp. Insider Sells 2,500 Shares of Stock (EDMC)
Education Management Corp. (NASDAQ:EDMC) Insider John Robert Kline sold 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.28, for a total value of $20,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on EDMC shares. Analysts at Barrington Research reiterated an “outperform” rating on shares of Education Management Corp. (NASDAQ:EDMC) in a research note to investors on Tuesday, August 13th. They now have a $9.00 price target on the stock, up previously from $7.00. Analysts at BMO Capital Markets raised their price target on shares of Education Management Corp. (NASDAQ:EDMC) from $5.00 to $7.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock.
Education Management Corp. (NASDAQ:EDMC) traded up 2.07% during mid-day trading on Tuesday, hitting $8.89. 62,129 shares of the company’s stock traded hands. Education Management Corp. has a 52-week low of $2.87 and a 52-week high of $8.83. The stock’s 50-day moving average is $7. and its 200-day moving average is $5.95. The company’s market cap is $1.108 billion.
Education Management Corp. (NASDAQ:EDMC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.03. The company had revenue of $595.24 million for the quarter, compared to the consensus estimate of $583.79 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts expect that Education Management Corp. will post $0.26 EPS for the current fiscal year.
Education Management Corporation (NASDAQ:EDMC) is a provider of post-secondary education in North America, with approximately 151,200 enrolled students as of October 2011.
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