Stock On Watch: Could Career Education Corp. See a Reversal After Breaking Its 52-Week High?

Stock On Watch: Could Career Education Corp. See a Reversal After Breaking Its 52 Week High?

The stock of Career Education Corp. (NASDAQ:CECO) hit a new 52-week high and has $14.01 target or 50.00% above today’s $9.34 share price. The 5 months bullish chart indicates low risk for the $644.41M company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $14.01 price target is reached, the company will be worth $322.21M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 157,617 shares traded hands. Career Education Corp. (NASDAQ:CECO) has risen 100.43% since April 12, 2016 and is uptrending. It has outperformed by 95.45% the S&P500.

According to Zacks Investment Research, “Career Education Corporation is a provider of private, for-profit post-secondary education with campuses throughout the United States and Canada, the United Kingdom and the United Arab Emirates. Their schools enjoy long operating histories and offer a variety of master’s degree, bachelor’s degree, associate degree, and diploma programs in career-oriented disciplines. They offer educational programs principally in the following four career-related fields of study, Visual Communication and Design Technologies, Information Technology, Business Studies, and Culinary Arts.”

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.13, from 1.27 in 2016Q1. The ratio is positive, as 12 funds sold all Career Education Corp. shares owned while 30 reduced positions. 18 funds bought stakes while 41 increased positions. They now own 47.04 million shares or 2.02% more from 46.11 million shares in 2016Q1.
Geode Cap Ltd Company, a Massachusetts-based fund reported 471,991 shares. Eam Invsts Limited Liability Company reported 287,989 shares or 0.26% of all its holdings. Pub Sector Pension Inv Board, a Quebec – Canada-based fund reported 46,855 shares. Blackrock Institutional Tru Company Na owns 1.76M shares or 0% of their US portfolio. Hsbc Public Ltd Company last reported 0% of its portfolio in the stock. Menta Ltd last reported 21,143 shares in the company. Ubs Asset Mngmt Americas has invested 0% of its portfolio in Career Education Corp. (NASDAQ:CECO). Louisiana State Employees Retirement Sys reported 30,300 shares or 0.01% of all its holdings. Invesco reported 410,848 shares or 0% of all its holdings. Guggenheim Limited Liability last reported 13,805 shares in the company. Metropolitan Life Insurance Communications New York has 0% invested in the company for 52,218 shares. Vanguard Group Inc Inc accumulated 2.95 million shares or 0% of the stock. Moreover, Thompson Davis And has 0% invested in Career Education Corp. (NASDAQ:CECO) for 500 shares. Comerica Commercial Bank last reported 0% of its portfolio in the stock. Blackrock Investment Mgmt Ltd Liability Company last reported 0% of its portfolio in the stock.

More recent Career Education Corp. (NASDAQ:CECO) news were published by: Seekingalpha.com which released: “Watch For A Sharp Drop In Career Education Corp.” on January 26, 2016. Also Seekingalpha.com published the news titled: “Career Education Corporation: Mr. Market Is Waking Up” on March 08, 2016. Chicagobusiness.com‘s news article titled: “Classes out for good at Le Cordon Bleu” with publication date: December 16, 2015 was also an interesting one.

CECO Company Profile

Career Education Corporation (CEC), incorporated on January 5, 1994, 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. The Company’s operating divisions include CTU, AIU, Culinary Arts, Transitional Group, and Corporate and Other.

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