Several other equities research analysts also recently issued reports on the company. Barrington Research reiterated an outperform rating and set a $26.00 price target (up previously from $24.00) on shares of Career Education in a report on Thursday, August 8th. TheStreet downgraded Career Education from a b rating to a c+ rating in a report on Thursday, August 8th. Sidoti set a $24.00 price target on Career Education and gave the stock a buy rating in a report on Friday, June 7th. Finally, Zacks Investment Research downgraded Career Education from a buy rating to a hold rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Career Education has a consensus rating of Hold and an average price target of $24.00.
Shares of Career Education stock opened at $19.05 on Friday. The stock has a fifty day simple moving average of $20.50 and a 200 day simple moving average of $18.79. Career Education has a 12-month low of $11.01 and a 12-month high of $22.50. The company has a market capitalization of $1.36 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. The company has a current ratio of 2.50, a quick ratio of 2.49 and a debt-to-equity ratio of 0.11.
In other Career Education news, SVP David C. Czeszewski sold 14,659 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.98, for a total value of $322,204.82. Following the completion of the transaction, the senior vice president now owns 118,031 shares in the company, valued at approximately $2,594,321.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Robert Kline sold 4,789 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $19.63, for a total value of $94,008.07. Following the completion of the transaction, the senior vice president now owns 170,999 shares of the company’s stock, valued at approximately $3,356,710.37. The disclosure for this sale can be found here. Insiders have sold 54,726 shares of company stock valued at $1,182,387 in the last quarter. 5.58% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new position in Career Education in the 2nd quarter valued at $6,025,000. Intrinsic Edge Capital Management LLC grew its stake in Career Education by 899.5% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 499,751 shares of the company’s stock valued at $9,530,000 after purchasing an additional 449,751 shares during the period. Verition Fund Management LLC bought a new position in Career Education in the 2nd quarter valued at $290,000. Amundi Pioneer Asset Management Inc. grew its stake in Career Education by 162.9% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 88,632 shares of the company’s stock valued at $1,690,000 after purchasing an additional 54,915 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in Career Education in the 2nd quarter valued at $457,000. Hedge funds and other institutional investors own 84.72% of the company’s stock.
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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