Career Education Corp. (NASDAQ:CECO) Shares Bought by Axa

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AXA grew its position in Career Education Corp. (NASDAQ:CECO) by 166.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,500 shares of the company’s stock after acquiring an additional 129,600 shares during the period. AXA owned about 0.30% of Career Education worth $3,957,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CECO. C M Bidwell & Associates Ltd. acquired a new position in shares of Career Education in the second quarter worth about $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Career Education during the 2nd quarter worth about $80,000. Nkcfo LLC acquired a new position in shares of Career Education during the 2nd quarter worth about $151,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Career Education during the 2nd quarter worth about $208,000. Finally, Bank of Montreal Can raised its position in shares of Career Education by 98.8% during the 2nd quarter. Bank of Montreal Can now owns 11,565 shares of the company’s stock worth $221,000 after purchasing an additional 5,747 shares during the last quarter. Institutional investors and hedge funds own 84.72% of the company’s stock.

In related news, SVP John Robert Kline sold 4,789 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $19.63, for a total transaction of $94,008.07. Following the completion of the sale, the senior vice president now owns 170,999 shares of the company’s stock, valued at approximately $3,356,710.37. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David C. Czeszewski sold 15,278 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.31, for a total transaction of $325,574.18. Following the sale, the senior vice president now directly owns 128,409 shares of the company’s stock, valued at approximately $2,736,395.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 307,597 shares of company stock valued at $5,461,450. 5.58% of the stock is owned by corporate insiders.

Shares of CECO traded up $0.41 during mid-day trading on Friday, hitting $15.23. 571,000 shares of the company were exchanged, compared to its average volume of 763,162. Career Education Corp. has a 1-year low of $11.01 and a 1-year high of $22.50. The stock has a market cap 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 quick ratio of 2.49 and a current ratio of 2.50. The company has a 50 day moving average of $18.37 and a 200-day moving average of $18.78.

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

Several research firms recently weighed in on CECO. Barrington Research restated a “buy” rating and set a $26.00 price target on shares of Career Education in a research report on Thursday. BidaskClub downgraded shares of Career Education from a “sell” rating to a “strong sell” rating in a research report on Friday. TheStreet downgraded shares of Career Education from a “b” rating to a “c+” rating in a research report on Thursday, August 8th. ValuEngine downgraded shares of Career Education from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Finally, Zacks Investment Research upgraded shares of Career Education from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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Institutional Ownership by Quarter for Career Education (NASDAQ:CECO)

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