Insider Selling: Career Education Corp. (NASDAQ:CECO) SVP Sells $751,866.68 in Stock

Career Education Corp. (NASDAQ:CECO) SVP Jeffrey David Ayers sold 48,886 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $15.38, for a total value of $751,866.68. Following the completion of the sale, the senior vice president now owns 227,793 shares of the company’s stock, valued at $3,503,456.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeffrey David Ayers also recently made the following trade(s):

  • On Wednesday, September 25th, Jeffrey David Ayers sold 20,314 shares of Career Education stock. The stock was sold at an average price of $17.00, for a total value of $345,338.00.
  • On Monday, September 23rd, Jeffrey David Ayers sold 91,931 shares of Career Education stock. The stock was sold at an average price of $17.02, for a total value of $1,564,665.62.
  • On Friday, September 20th, Jeffrey David Ayers sold 39,689 shares of Career Education stock. The stock was sold at an average price of $17.15, for a total value of $680,666.35.
  • On Wednesday, September 18th, Jeffrey David Ayers sold 21,663 shares of Career Education stock. The stock was sold at an average price of $18.86, for a total value of $408,564.18.

CECO opened at $15.22 on Friday. Career Education Corp. has a 1-year low of $11.01 and a 1-year high of $22.50. The business has a 50 day moving average price of $18.37 and a two-hundred day moving average price of $18.78. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.50 and a quick ratio of 2.49.

Career Education (NASDAQ:CECO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Career Education had a return on equity of 25.42% and a net margin of 8.78%. The company had revenue of $156.44 million during the quarter, compared to the consensus estimate of $148.10 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts expect that Career Education Corp. will post 1.25 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CECO. RK Capital Management LLC acquired a new stake in shares of Career Education during the 1st quarter valued at $1,156,000. FMR LLC lifted its position in shares of Career Education by 13.9% during the 1st quarter. FMR LLC now owns 3,134,862 shares of the company’s stock valued at $51,788,000 after acquiring an additional 382,842 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Career Education by 121.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 33,717 shares of the company’s stock valued at $557,000 after acquiring an additional 18,517 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Career Education by 10.5% during the 2nd quarter. New York State Teachers Retirement System now owns 169,860 shares of the company’s stock valued at $3,239,000 after acquiring an additional 16,200 shares during the last quarter. Finally, Genesee Capital Advisors LLC acquired a new stake in shares of Career Education during the 2nd quarter valued at $1,417,000. Institutional investors own 84.72% of the company’s stock.

A number of equities research analysts have weighed in on the company. ValuEngine downgraded Career Education from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Barrington Research restated a “buy” rating and issued a $26.00 target price on shares of Career Education in a research report on Thursday. Zacks Investment Research upgraded Career Education from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, October 3rd. TheStreet downgraded Career Education from a “b” rating to a “c+” rating in a research report on Thursday, August 8th. Finally, BidaskClub downgraded Career Education from a “sell” rating to a “strong sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.67.

About Career Education

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.

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Insider Buying and Selling by Quarter for Career Education (NASDAQ:CECO)

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