Insider Buying: Ronald D. Mccray Purchases 1,000 Shares of Career Education Corp. Stock (CECO)
Career Education Corp. (NASDAQ:CECO) Director Ronald D. Mccray purchased 1,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $5.12 per share, for a total transaction of $5,120.00. Following the acquisition, the director now directly owns 16,619 shares in the company, valued at approximately $85,089. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at First Analysis upgraded shares of Career Education Corp. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 18th.
Shares of Career Education Corp. (NASDAQ:CECO) traded up 1.36% on Friday, hitting $5.21. The stock had a trading volume of 502,305 shares. Career Education Corp. has a 1-year low of $2.46 and a 1-year high of $7.93. The stock’s 50-day moving average is $4.96 and its 200-day moving average is $5.83. The company’s market cap is $350.4 million.
Career Education Corp. (NASDAQ:CECO) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.12. The company had revenue of $229.30 million for the quarter, compared to the consensus estimate of $233.64 million. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts predict that Career Education Corp. will post $-1.93 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.