Career Education Corp. (NASDAQ:CECO) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 1 year consensus price target of $10.00 for the company and are anticipating that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Career Education Corp. an industry rank of 65 out of 265 based on the ratings given to related companies.
Separately, Piper Jaffray Cos. reiterated a “neutral” rating and set a $11.00 price objective (up from $6.00) on shares of Career Education Corp. in a research note on Friday, August 5th.
Career Education Corp. (NASDAQ:CECO) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.08. Career Education Corp. had a return on equity of 45.37% and a net margin of 20.94%. The firm earned $167.63 million during the quarter, compared to analyst estimates of $156.70 million. During the same period in the prior year, the company posted ($0.17) earnings per share. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year.
In other news, SVP Andrew Hurst sold 6,592 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $9.72, for a total transaction of $64,074.24. Following the sale, the senior vice president now owns 102,560 shares in the company, valued at $996,883.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.88% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Career Education Corp. during the third quarter valued at approximately $6,804,000. Renaissance Technologies LLC boosted its stake in shares of Career Education Corp. by 26.3% in the first quarter. Renaissance Technologies LLC now owns 3,181,462 shares of the company’s stock valued at $14,444,000 after buying an additional 662,604 shares during the last quarter. Oxford Asset Management acquired a new stake in shares of Career Education Corp. during the second quarter valued at approximately $2,728,000. Dimensional Fund Advisors LP boosted its stake in shares of Career Education Corp. by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,440,682 shares of the company’s stock valued at $20,471,000 after buying an additional 427,034 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of Career Education Corp. during the second quarter valued at approximately $1,714,000. Institutional investors own 72.19% of the company’s stock.
About Career Education Corp.
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.