The stock of Career Education Corp. (NASDAQ:CECO) hit a new 52-week high and has $10.54 target or 6.00% above today’s $9.94 share price. The 6 months bullish chart indicates low risk for the $684.33M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $10.54 price target is reached, the company will be worth $41.06 million 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 109,907 shares traded hands. Career Education Corp. (NASDAQ:CECO) has risen 88.27% since April 20, 2016 and is uptrending. It has outperformed by 83.71% 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 2.03 in 2016 Q2. Its up 0.63, from 1.4 in 2016Q1. The ratio improved, 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.
California State Teachers Retirement Sys holds 0% or 140,189 shares in its portfolio. Eam Limited Liability, a California-based fund reported 287,989 shares. Arizona State Retirement, a Arizona-based fund reported 35,500 shares. Prudential Financial has 0% invested in the company for 163,100 shares. State Bank Of America De holds 0% of its portfolio in Career Education Corp. (NASDAQ:CECO) for 1,678 shares. Bridgeway Mngmt Inc reported 94,850 shares or 0.01% of all its holdings. Federated Invsts Pa has invested 0% of its portfolio in Career Education Corp. (NASDAQ:CECO). Profund Ltd Liability reported 22,518 shares or 0.01% of all its holdings. Blackrock Fund Advsr, a California-based fund reported 4.56 million shares. Tower Research Capital Limited Liability Company (Trc) last reported 7,347 shares in the company. Blackrock Investment Mgmt Limited Company accumulated 309,961 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,679 shares in its portfolio. Metropolitan Life Insurance Commerce holds 0% of its portfolio in Career Education Corp. (NASDAQ:CECO) for 52,218 shares. Gsa Prtnrs Limited Liability Partnership has 47,832 shares for 0.02% of their US portfolio. Thrivent Fincl For Lutherans accumulated 33,510 shares or 0% of the stock.
More important 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 Businesswire.com published article titled: “Career Education Corporation Announces Changes in Senior Leadership”, Businesswire.com published: “Career Education Announces Planned Discontinuation of Le Cordon Bleu Operations” on December 16, 2015. More interesting news about Career Education Corp. (NASDAQ:CECO) was released by: Seekingalpha.com and their article: “Career Education Corporation: Mr. Market Is Waking Up” with publication date: March 08, 2016.
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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