Career Education (CECO) Upgraded by ValuEngine to Strong-Buy

ValuEngine upgraded shares of Career Education (NASDAQ:CECO) from a buy rating to a strong-buy rating in a report released on Tuesday.

CECO has been the topic of a number of other reports. BidaskClub downgraded shares of Career Education from a hold rating to a sell rating in a research note on Friday, April 13th. Sidoti started coverage on shares of Career Education in a research note on Wednesday, April 18th. They issued a buy rating and a $21.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Career Education from a hold rating to a buy rating and set a $16.00 target price on the stock in a research note on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Career Education currently has a consensus rating of Buy and an average target price of $16.67.

Shares of Career Education opened at $14.40 on Tuesday, Marketbeat.com reports. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 46.45 and a beta of 2.77. Career Education has a one year low of $8.10 and a one year high of $14.68.

Career Education (NASDAQ:CECO) last issued its earnings results on Wednesday, May 2nd. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $147.50 million for the quarter, compared to the consensus estimate of $146.10 million. Career Education had a negative net margin of 3.36% and a positive return on equity of 10.63%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. sell-side analysts anticipate that Career Education will post 0.95 earnings per share for the current fiscal year.

In other Career Education news, SVP Jeffrey David Ayers sold 39,141 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $13.89, for a total value of $543,668.49. Following the transaction, the senior vice president now directly owns 196,472 shares in the company, valued at approximately $2,728,996.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of CECO. BlackRock Inc. boosted its stake in shares of Career Education by 1.6% during the first quarter. BlackRock Inc. now owns 8,545,486 shares of the company’s stock valued at $112,287,000 after purchasing an additional 131,499 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Career Education by 0.8% during the first quarter. Frontier Capital Management Co. LLC now owns 6,893,990 shares of the company’s stock valued at $90,587,000 after purchasing an additional 57,366 shares in the last quarter. Kenmare Capital Partners L.L.C. boosted its stake in shares of Career Education by 1.9% during the first quarter. Kenmare Capital Partners L.L.C. now owns 893,653 shares of the company’s stock valued at $11,743,000 after purchasing an additional 16,957 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Career Education by 0.8% during the first quarter. Northern Trust Corp now owns 769,028 shares of the company’s stock valued at $10,105,000 after purchasing an additional 5,822 shares in the last quarter. Finally, Park West Asset Management LLC boosted its stake in shares of Career Education by 392.8% during the first quarter. Park West Asset Management LLC now owns 690,751 shares of the company’s stock valued at $9,076,000 after purchasing an additional 550,583 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Career Education Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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