WINTON GROUP Ltd bought a new position in shares of Career Education Corp. (NASDAQ:CECO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 446,355 shares of the company’s stock, valued at approximately $5,392,000. WINTON GROUP Ltd owned about 0.65% of Career Education as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position 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 acquiring an additional 169,974 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Career Education by 4.1% during the second quarter. Vanguard Group Inc. now owns 3,359,052 shares of the company’s stock worth $32,247,000 after acquiring an additional 132,037 shares during the last quarter. Mangrove Partners increased its position 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 acquiring an additional 618,332 shares during the last quarter. State Street Corp increased its position in shares of Career Education by 1.9% during the second quarter. State Street Corp now owns 1,634,786 shares of the company’s stock worth $15,693,000 after acquiring an additional 30,668 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Career Education by 0.3% during the second quarter. Northern Trust Corp now owns 782,340 shares of the company’s stock worth $7,510,000 after acquiring an additional 2,103 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on CECO. ValuEngine raised Career Education from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised Career Education from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd.
In related news, SVP Jeffrey David Ayers sold 39,141 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $13.89, for a total value of $543,668.49. Following the completion of the sale, the senior vice president now directly owns 196,472 shares of the company’s stock, valued at $2,728,996.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.01% of the stock is owned by insiders.
Shares of Career Education Corp. (CECO) traded up $0.08 during trading on Wednesday, reaching $13.85. The company had a trading volume of 187,264 shares, compared to its average volume of 259,463. The company has a market capitalization of $956.95, a price-to-earnings ratio of 44.68 and a beta of 2.56. Career Education Corp. has a 1 year low of $7.95 and a 1 year high of $14.33.
Career Education (NASDAQ:CECO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The firm had revenue of $143.12 million during the quarter, compared to analyst estimates of $141.30 million. Career Education had a positive return on equity of 6.73% and a negative net margin of 5.35%. Career Education’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. equities research analysts predict that Career Education Corp. will post 0.9 EPS for the current fiscal year.
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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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