Career Education Corp. Major Shareholder Sells $939,390 in Stock (CECO)
Career Education Corp. (NASDAQ:CECO) major shareholder Blum Capital Partners Lp sold 353,154 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $2.66, for a total value of $939,389.64. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
CECO has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Career Education Corp. (NASDAQ:CECO) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 29th.
One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Career Education Corp. presently has a consensus rating of “Hold” and an average target price of $2.80.
Shares of Career Education Corp. (NASDAQ:CECO) traded down 0.37% on Wednesday, hitting $2.66. 381,451 shares of the company’s stock traded hands. Career Education Corp. has a one year low of $2.03 and a one year high of $4.34. The stock’s 50-day moving average is $3.00 and its 200-day moving average is $2.84. The company’s market cap is $178.4 million.
Career Education Corp. (NASDAQ:CECO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.45) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.51) by $0.06. The company had revenue of $294.80 million for the quarter, compared to the consensus estimate of $292.33 million. During the same quarter last year, the company posted ($0.18) earnings per share. Career Education Corp.’s revenue was down 19.4% compared to the same quarter last year. On average, analysts predict that Career Education Corp. will post $-1.20 earnings per share for the current fiscal year.
Career Education Corporation through its colleges, schools and universities offers education to a student population of more than 75,000 students across the world in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.