Insider Buying: Ronald D. Mccray Purchases 1,000 Shares of Career Education Corp. Stock (CECO)
Career Education Corp. (NASDAQ:CECO) Director Ronald D. Mccray bought 1,000 shares of Career Education Corp. stock in a transaction dated 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 acquisition, the director now directly owns 16,619 shares of the company’s stock, valued at approximately $85,089. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Career Education Corp. (NASDAQ:CECO) opened at 5.21 on Friday. Career Education Corp. has a one year low of $2.46 and a one year 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) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.45) earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Analysts expect that Career Education Corp. will post $-1.93 EPS 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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