Royce & Associates LP bought a new position in shares of Career Education Corp. (NASDAQ:CECO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,417 shares of the company’s stock, valued at approximately $210,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Career Education in the 4th quarter worth approximately $469,000. Robeco Institutional Asset Management B.V. lifted its position in Career Education by 71.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 30,418 shares of the company’s stock worth $560,000 after purchasing an additional 12,706 shares during the period. State Street Corp lifted its position in Career Education by 3.6% in the fourth quarter. State Street Corp now owns 2,070,393 shares of the company’s stock worth $38,075,000 after purchasing an additional 72,129 shares during the period. Swiss National Bank boosted its stake in Career Education by 2.1% during the fourth quarter. Swiss National Bank now owns 134,300 shares of the company’s stock worth $2,470,000 after buying an additional 2,700 shares in the last quarter. Finally, Mcclain Value Management LLC acquired a new stake in Career Education during the fourth quarter worth $5,197,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Shares of Career Education stock traded up $0.34 during midday trading on Friday, hitting $18.17. 795,853 shares of the company were exchanged, compared to its average volume of 490,238. The firm has a 50 day simple moving average of $18.31 and a 200-day simple moving average of $17.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a market cap of $1.28 billion, a P/E ratio of 17.30, a PEG ratio of 0.85 and a beta of 1.52. Career Education Corp. has a 52 week low of $11.19 and a 52 week high of $22.50.
A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Career Education from a “c” rating to a “b-” rating in a research note on Friday, November 8th. BidaskClub upgraded shares of Career Education from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Finally, ValuEngine cut shares of Career Education from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.33.
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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