Insider Buying: Ronald D. Mccray Acquires 1,000 Shares of Career Education Corp. Stock (CECO)
Career Education Corp. (NASDAQ:CECO) Director Ronald D. Mccray acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $5.12 per share, with a total value of $5,120.00. Following the purchase, the director now directly owns 16,619 shares in the company, valued at approximately $85,089. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Career Education Corp. (NASDAQ:CECO) traded up 1.36% on Friday, hitting $5.21. 502,305 shares of the company’s stock traded hands. Career Education Corp. has a 52 week low of $2.46 and a 52 week high of $7.93. The stock has a 50-day moving average of $4.97 and a 200-day moving average of $5.83. The company’s market cap is $350.4 million.
Career Education Corp. (NASDAQ:CECO) last announced its earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.45) earnings per share. Career Education Corp.’s revenue was down 11.6% compared to the same quarter last year. On average, analysts predict that Career Education Corp. will post $-1.93 earnings per share for the current fiscal year.
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.
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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