Career Education Corp. (CECO) Given Average Rating of “Hold” by Analysts

Career Education Corp. (NASDAQ:CECO) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokerages have set a one year consensus price target of $13.50 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Career Education an industry rank of 188 out of 265 based on the ratings given to related companies.

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

In other Career Education news, SVP Andrew Hurst sold 3,889 shares of Career Education stock in a transaction on Friday, November 17th. The shares were sold at an average price of $12.81, for a total value of $49,818.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.01% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mangrove Partners lifted its stake in shares of Career Education by 32.4% during the third quarter. Mangrove Partners now owns 2,526,019 shares of the company’s stock worth $26,245,000 after buying an additional 618,332 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Career Education during the fourth quarter worth $5,392,000. Cortina Asset Management LLC acquired a new stake in shares of Career Education during the fourth quarter worth $3,609,000. Driehaus Capital Management LLC acquired a new stake in shares of Career Education during the fourth quarter worth $2,969,000. Finally, BlackRock Inc. lifted its stake in shares of Career Education by 2.1% during the fourth quarter. BlackRock Inc. now owns 8,413,987 shares of the company’s stock worth $101,642,000 after buying an additional 169,974 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Career Education (NASDAQ:CECO) traded up $0.19 during midday trading on Wednesday, reaching $11.92. 161,081 shares of the company’s stock traded hands, compared to its average volume of 232,964. Career Education has a fifty-two week low of $7.62 and a fifty-two week high of $13.92. The stock has a market capitalization of $810.47, a price-to-earnings ratio of -38.45 and a beta of 2.73.

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About Career Education

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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