State Board of Administration of Florida Retirement System continued to hold its stake in Career Education Corp. (NASDAQ:CECO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,528 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Career Education Corp. worth $307,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its stake in Career Education Corp. by 1.9% in the second quarter. Capstone Asset Management Co. now owns 19,135 shares of the company’s stock worth $114,000 after buying an additional 360 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Career Education Corp. by 83.7% in the second quarter. BNP Paribas Arbitrage SA now owns 21,136 shares of the company’s stock worth $126,000 after buying an additional 9,629 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Career Education Corp. during the second quarter worth about $179,000. Louisiana State Employees Retirement System increased its stake in Career Education Corp. by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the company’s stock worth $180,000 after buying an additional 100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Career Education Corp. by 89.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 43,800 shares of the company’s stock worth $199,000 after buying an additional 20,700 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.
Shares of Career Education Corp. (NASDAQ:CECO) traded up 1.92% on Friday, hitting $6.90. The company had a trading volume of 111,190 shares. The stock’s 50-day moving average is $6.77 and its 200 day moving average is $6.12. Career Education Corp. has a 52 week low of $2.23 and a 52 week high of $7.53. The company has a market capitalization of $472.36 million, a price-to-earnings ratio of 4.20 and a beta of 2.62.
Career Education Corp. (NASDAQ:CECO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. Career Education Corp. had a return on equity of 47.71% and a net margin of 15.11%. The company had revenue of $182.63 million for the quarter, compared to the consensus estimate of $176.04 million. During the same quarter last year, the company earned ($0.31) earnings per share. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities analysts expect that Career Education Corp. will post $0.03 EPS for the current year.
Separately, Piper Jaffray Cos. restated a “neutral” rating and set a $11.00 price target (up from $6.00) on shares of Career Education Corp. in a research note on Friday, August 5th.
Career Education Corp. Company Profile
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.
Want to see what other hedge funds are holding CECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Career Education Corp. (NASDAQ:CECO).
Receive News & Ratings for Career Education Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Career Education Corp. and related companies with MarketBeat.com's FREE daily email newsletter.