Career Education Corp. (NASDAQ:CECO) SVP Jeffrey David Ayers sold 39,141 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $13.89, for a total transaction of $543,668.49. Following the completion of the transaction, the senior vice president now directly owns 196,472 shares of the company’s stock, valued at approximately $2,728,996.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Career Education Corp. (CECO) opened at $13.77 on Wednesday. Career Education Corp. has a 12 month low of $7.76 and a 12 month high of $14.33. The stock has a market cap of $951.42, a price-to-earnings ratio of 44.42 and a beta of 2.56.
Career Education (NASDAQ:CECO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. Career Education had a negative net margin of 5.35% and a positive return on equity of 6.73%. The company had revenue of $143.12 million during the quarter, compared to analysts’ expectations of $141.30 million. During the same quarter in the prior year, the company earned ($0.44) EPS. The firm’s revenue was down 7.8% on a year-over-year basis. analysts predict that Career Education Corp. will post 0.9 earnings per share for the current year.
A number of research firms have commented on CECO. BidaskClub cut shares of Career Education from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine raised shares of Career Education from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
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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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