Career Education Corp. Major Shareholder Blum Capital Partners Lp Sells 189,533 Shares (CECO)
Career Education Corp. (NASDAQ:CECO) major shareholder Blum Capital Partners Lp sold 189,533 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.65, for a total value of $502,262.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. 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 given a hold rating to the stock. Career Education Corp. has an average rating of “Hold” and an average target price of $2.80.
Shares of Career Education Corp. (NASDAQ:CECO) traded up 0.77% on Monday, hitting $2.63. 467,443 shares of the company’s stock traded hands. Career Education Corp. has a 52-week low of $2.03 and a 52-week high of $4.34. The stock’s 50-day moving average is $2.91 and its 200-day moving average is $2.81. The company’s market cap is $176.4 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.
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