Career Education Corp. (NASDAQ:CECO) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its position in shares of Career Education Corp. (NASDAQ:CECO) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,894 shares of the company’s stock after selling 5,816 shares during the period. Prudential Financial Inc. owned 0.16% of Career Education worth $1,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CECO. Oregon Public Employees Retirement Fund acquired a new position in shares of Career Education during the 4th quarter valued at about $27,000. LS Investment Advisors LLC increased its holdings in shares of Career Education by 373.0% during the 4th quarter. LS Investment Advisors LLC now owns 9,371 shares of the company’s stock valued at $107,000 after acquiring an additional 7,390 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Career Education during the 3rd quarter valued at about $155,000. Trexquant Investment LP acquired a new position in shares of Career Education during the 3rd quarter valued at about $193,000. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Career Education by 102.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 21,435 shares of the company’s stock valued at $245,000 after acquiring an additional 10,870 shares during the last quarter. 80.96% of the stock is owned by institutional investors.

In other news, SVP John Robert Kline sold 4,700 shares of Career Education stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $15.20, for a total transaction of $71,440.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey David Ayers sold 10,903 shares of Career Education stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $13.00, for a total value of $141,739.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,521 shares of company stock worth $352,820 in the last three months. 5.58% of the stock is owned by insiders.

CECO has been the topic of a number of analyst reports. Zacks Investment Research lowered Career Education from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Barrington Research reaffirmed a “buy” rating and issued a $18.00 target price on shares of Career Education in a report on Thursday, February 7th. ValuEngine raised Career Education from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, BidaskClub raised Career Education from a “hold” rating to a “buy” rating in a report on Monday, February 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.13.

CECO traded down $0.03 during midday trading on Monday, reaching $17.66. The company’s stock had a trading volume of 326,617 shares, compared to its average volume of 390,458. The firm has a market capitalization of $1.24 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. Career Education Corp. has a twelve month low of $11.01 and a twelve month high of $19.07.

Career Education (NASDAQ:CECO) last released its earnings results on Wednesday, February 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Career Education had a return on equity of 19.78% and a net margin of 9.49%. The firm had revenue of $145.50 million for the quarter, compared to analyst estimates of $144.63 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts expect that Career Education Corp. will post 1.13 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Career Education (NASDAQ:CECO)

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