Career Education Corporation (NASDAQ:CECO) is at least 82.44% than its current record low price of $6.55. There was a 11.37% gain on Nov. 3, 2017 that led the price to move at $11.95. At recent session, the prices were hovering between $10.6 and $12.39. This company shares are 8.79% off its target price of $13 and the current market capitalization stands at $822.4M. The recent change has given its price a 17.3% lead over SMA 50 and -5.08% deficit over its 52-week high. The stock witnessed 11.68% gains, 43.8% gains and 15.13% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CECO’s volatility during a week at 5.75% and during a month it has been found around 3.18%.Career Education Corporation (CECO) Top Holders
Institutional investors currently hold around $621 million or 77.4% in CECO stock. Look at its top three institutional owners. Blackrock Inc. owns $95.28 million in Career Education Corporation, which represents roughly 11.59% of the company’s market cap and approximately 15.34% of the institutional ownership. Similar statistics are true for the second largest owner, Frontier Capital Management Co Llc, which owns 6,900,815 shares of the stock are valued at $82.47 million. The third largest holder is Renaissance Technologies Llc, which currently holds $55.93 million worth of this stock and that ownership represents nearly 6.8% of its market capitalization.Career Education Corporation 13F Filings
At the end of 06/30/2017 reporting period, 50 institutional holders increased their position in Career Education Corporation (NASDAQ:CECO) by some 3,099,447 shares, 59 decreased positions by 3,063,546 and 30 held positions by 45,806,022. That puts total institutional holdings at 51,969,015 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 1,092,259 shares while 13 institutional investors sold out their entire positions totaling 807,326 shares.
Multiple company employees have indulged in significant insider trading. Career Education Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Jackson Gregory L. has acquired 10,000 shares of Career Education Corporation (CECO) in trading session dated Aug. 14, 2017. These shares are worth $87,800 and were traded at $8.78 each. The SEC filing shows that Ayers Jeffrey David performed a sale of 14,560 shares. The SVP, General Counsel disposed these shares by way of transaction on May. 08, 2017. The company’s shares were given away at $10.5 per share worth to an income of some $152,880 on account of Ayers Jeffrey David.
Director, Wang Richard D, sold 200,000 common shares of Career Education Corporation (CECO) in the open market. In a transaction dated Dec. 09, 2016, the shares were put up for sale at an average price of $10.22, raking in a sum of $2,044,000. After this sale, 1,852,928 common shares of CECO are directly owned by the insider, with total stake valued at $22,142,490.
In the transaction dated Nov. 21, 2016, the great number of shares disposed came courtesy the SVP, CTU; Hurst Andrew disposed a total of 6,592 shares at an average price of $9.72, amounting to approximately $64,074. The insider now directly owns 101,010 shares worth $1,207,070.Career Education Corporation (CECO) Analyst Guide
Several analysts have released their opinion on Career Education Corporation (NASDAQ:CECO), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.