Zebra Capital Management LLC Has $720,000 Stock Position in Career Education Corp. (NASDAQ:CECO)

Zebra Capital Management LLC decreased its position in Career Education Corp. (NASDAQ:CECO) by 37.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,750 shares of the company’s stock after selling 22,511 shares during the period. Zebra Capital Management LLC owned about 0.05% of Career Education worth $720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CECO. C M Bidwell & Associates Ltd. acquired a new position in shares of Career Education in the 2nd quarter worth approximately $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Career Education in the 2nd quarter worth approximately $80,000. NumerixS Investment Technologies Inc acquired a new position in shares of Career Education in the 2nd quarter worth approximately $145,000. Nkcfo LLC acquired a new position in shares of Career Education in the 2nd quarter worth approximately $151,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Career Education in the 1st quarter worth approximately $193,000. 84.72% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. TheStreet cut Career Education from a “b” rating to a “c+” rating in a report on Thursday, August 8th. BidaskClub cut Career Education from a “sell” rating to a “strong sell” rating in a report on Friday, September 13th. Zacks Investment Research cut Career Education from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Sidoti set a $24.00 target price on Career Education and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $26.00 target price (up from $24.00) on shares of Career Education in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.

In related news, insider Michele A. Peppers sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $22.17, for a total transaction of $221,700.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michele A. Peppers sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $21.56, for a total value of $107,800.00. Following the sale, the insider now owns 66,473 shares in the company, valued at $1,433,157.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,114 shares of company stock worth $1,458,349. 5.58% of the stock is owned by corporate insiders.

Shares of CECO traded down $0.34 during mid-day trading on Wednesday, reaching $18.85. The company had a trading volume of 173,742 shares, compared to its average volume of 419,330. Career Education Corp. has a twelve month low of $11.01 and a twelve month high of $22.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.50 and a quick ratio of 2.49. The company’s 50-day moving average is $20.49 and its 200-day moving average is $18.80. The company has a market capitalization of $1.37 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.07 and a beta of 1.53.

Career Education (NASDAQ:CECO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. The business had revenue of $156.44 million for the quarter, compared to analyst estimates of $148.10 million. Career Education had a return on equity of 25.42% and a net margin of 8.78%. Career Education’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. As a group, equities analysts expect that Career Education Corp. will post 1.22 EPS for the current fiscal 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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