Career Education Corporation (NASDAQ:CECO)’s Trend Up, Especially After Decreased Shorts

June 26, 2018 - By marketbeat

Career Education Corporation (NASDAQ:CECO) Logo

Investors sentiment increased to 1.4 in Q1 2018. Its up 0.40, from 1 in 2017Q4. It increased, as 9 investors sold Career Education Corporation shares while 41 reduced holdings. 17 funds opened positions while 53 raised stakes. 51.75 million shares or 3.35% more from 50.07 million shares in 2017Q4 were reported.
Credit Suisse Ag holds 0% or 90,010 shares in its portfolio. Pennsylvania-based Pnc Fin Grp Inc has invested 0% in Career Education Corporation (NASDAQ:CECO). State Board Of Administration Of Florida Retirement Sys owns 51,528 shares or 0% of their US portfolio. Cubist Systematic Strategies Limited Liability Corporation holds 0.01% or 13,247 shares in its portfolio. Us Commercial Bank De invested in 300 shares or 0% of the stock. 29,100 were reported by Louisiana State Employees Retirement Systems. Grantham Mayo Van Otterloo Ltd Liability Co stated it has 38,500 shares. Lonestar Capital Mgmt Lc accumulated 1.00M shares. Millennium Mgmt Ltd Liability Com accumulated 135,341 shares or 0% of the stock. Rbf Cap Llc holds 0.06% of its portfolio in Career Education Corporation (NASDAQ:CECO) for 40,000 shares. First Quadrant Lp Ca reported 1,898 shares or 0% of all its holdings. Ls Invest Advsr Llc invested in 0% or 1,981 shares. 36,821 were accumulated by Menta Capital Limited. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 4,759 shares. Teacher Retirement System Of Texas invested in 0% or 14,524 shares.

Since March 8, 2018, it had 0 insider purchases, and 3 insider sales for $5.56 million activity. Wang Richard D sold $4.05 million worth of stock or 250,000 shares.

The stock of Career Education Corporation (NASDAQ:CECO) registered a decrease of 13.94% in short interest. CECO’s total short interest was 877,100 shares in June as published by FINRA. Its down 13.94% from 1.02 million shares, reported previously. With 256,700 shares average volume, it will take short sellers 3 days to cover their CECO’s short positions. The short interest to Career Education Corporation’s float is 1.44%.

The stock decreased 0.74% or $0.12 during the last trading session, reaching $16.15. About 256,420 shares traded. Career Education Corporation (NASDAQ:CECO) has risen 54.66% since June 26, 2017 and is uptrending. It has outperformed by 42.09% the S&P500.

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 has market cap of $1.12 billion. The firm operates through four divisions: Colorado Technical University , American InterContinental University (AIU), Culinary Arts, and Transitional Group. It currently has negative earnings. The Company’s colleges and universities include AIU, CTU, Le Cordon Bleu College of Culinary Arts, Briarcliffe College, Harrington College of Design, and Sanford-Brown College.

Career Education Corporation (NASDAQ:CECO) Institutional Positions Chart

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