Brokerages Anticipate Career Education Corp. (CECO) to Post $0.05 Earnings Per Share

Shares of Career Education Corp. (NASDAQ:CECO) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus target price of $13.50 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Career Education an industry rank of 186 out of 265 based on the ratings given to its competitors.

Separately, BidaskClub raised shares of Career Education from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd.

In other news, SVP Andrew Hurst sold 3,889 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $12.81, for a total transaction of $49,818.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.01% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC grew its position in shares of Career Education by 0.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,900,815 shares of the company’s stock valued at $71,699,000 after acquiring an additional 26,331 shares during the period. Vanguard Group Inc. grew its position in shares of Career Education by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,359,052 shares of the company’s stock valued at $32,247,000 after acquiring an additional 132,037 shares during the period. Mangrove Partners grew its position in shares of Career Education by 32.4% during the 3rd quarter. Mangrove Partners now owns 2,526,019 shares of the company’s stock valued at $26,245,000 after acquiring an additional 618,332 shares during the period. State Street Corp grew its position in shares of Career Education by 1.9% during the 2nd quarter. State Street Corp now owns 1,634,786 shares of the company’s stock valued at $15,693,000 after acquiring an additional 30,668 shares during the period. Finally, Northern Trust Corp grew its position in shares of Career Education by 0.3% during the 2nd quarter. Northern Trust Corp now owns 782,340 shares of the company’s stock valued at $7,510,000 after acquiring an additional 2,103 shares during the period. 76.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Career Education (NASDAQ:CECO) traded down $0.62 during mid-day trading on Thursday, reaching $11.53. 193,065 shares of the company’s stock were exchanged, compared to its average volume of 243,626. Career Education has a twelve month low of $7.62 and a twelve month high of $13.92. The company has a market cap of $827.05, a P/E ratio of -37.19 and a beta of 2.73.

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Career Education Company Profile

Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.

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