Career Education Corp. (NASDAQ:CECO) SVP Jeffrey David Ayers sold 39,141 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $13.89, for a total transaction of $543,668.49. Following the completion of the sale, the senior vice president now directly owns 196,472 shares in the company, valued at approximately $2,728,996.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Career Education Corp. (CECO) traded up $0.02 on Monday, hitting $14.10. 255,818 shares of the stock traded hands, compared to its average volume of 262,464. Career Education Corp. has a fifty-two week low of $7.76 and a fifty-two week high of $14.33. The company has a market cap of $973.18, a price-to-earnings ratio of -30.30 and a beta of 2.56.
Career Education (NASDAQ:CECO) last posted its earnings results on Wednesday, February 21st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Career Education had a negative net margin of 5.35% and a positive return on equity of 6.73%. The business had revenue of $143.12 million for the quarter, compared to analyst estimates of $141.30 million. During the same quarter in the prior year, the firm earned ($0.44) EPS. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. analysts predict that Career Education Corp. will post 0.9 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Career Education from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub raised shares of Career Education from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd.
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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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