WINTON GROUP Ltd lessened its position in Career Education Corp. (NASDAQ:CECO) by 23.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,434 shares of the company’s stock after selling 9,519 shares during the quarter. WINTON GROUP Ltd’s holdings in Career Education were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CECO. Hsbc Holdings PLC acquired a new stake in Career Education in the 4th quarter worth $120,000. Rhumbline Advisers boosted its position in shares of Career Education by 0.5% during the 1st quarter. Rhumbline Advisers now owns 194,691 shares of the company’s stock valued at $3,216,000 after acquiring an additional 924 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Career Education during the 1st quarter valued at about $2,019,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Career Education during the 4th quarter valued at about $230,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Career Education by 6.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 49,206 shares of the company’s stock valued at $562,000 after acquiring an additional 2,843 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Several analysts have recently weighed in on CECO shares. TheStreet upgraded shares of Social Reality from a “d+” rating to a “c-” rating in a research report on Wednesday, April 17th. Sidoti set a $24.00 target price on shares of Career Education and gave the company a “buy” rating in a research report on Friday, June 7th. Barrington Research set a $5.00 target price on shares of Payment Data Systems and gave the company a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research lowered shares of Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.38.

In other Career Education news, SVP John Robert Kline sold 4,789 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $19.63, for a total value of $94,008.07. Following the transaction, the senior vice president now directly owns 170,999 shares in the company, valued at $3,356,710.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.58% of the stock is owned by insiders.

Shares of Career Education stock traded up $0.18 during trading on Tuesday, hitting $19.69. 97,594 shares of the company’s stock traded hands, compared to its average volume of 306,413. The company has a current ratio of 3.05, a quick ratio of 3.04 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $19.38. Career Education Corp. has a twelve month low of $11.01 and a twelve month high of $20.39. The firm has a market cap of $1.36 billion, a P/E ratio of 18.75, a PEG ratio of 1.33 and a beta of 1.54.

Career Education (NASDAQ:CECO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $157.85 million for the quarter, compared to analyst estimates of $154.07 million. Career Education had a net margin of 10.57% and a return on equity of 21.14%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. As a group, research analysts predict that Career Education Corp. will post 1.17 EPS for the current year.

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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