Short Interest: Could Career Education Corporation (NASDAQ:CECO) Skyrocket? The Stock Had Too Little Sellers

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest: Could Career Education Corporation (NASDAQ:CECO) Skyrocket? The Stock Had Too Little Sellers

The stock of Career Education Corporation (NASDAQ:CECO) registered a decrease of 6.89% in short interest. CECO’s total short interest was 1.59M shares in November as published by FINRA. Its down 6.89% from 1.70 million shares, reported previously. With 231,400 shares average volume, it will take short sellers 7 days to cover their CECO’s short positions. The short interest to Career Education Corporation’s float is 2.61%. The stock decreased 1.29% or $0.13 during the last trading session, hitting $9.92. Career Education Corp. (NASDAQ:CECO) has risen 85.77% since April 26, 2016 and is uptrending. It has outperformed by 80.51% the S&P500.

Career Education Corporation, 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 has a market cap of $679.44 million. The Company’s American InterContinental University and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. It has a 6.07 P/E ratio. The Company’s operating divisions include CTU, AIU, Culinary Arts, Transitional Group, and Corporate and Other.

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.
Nationwide Fund Advisors reported 87,923 shares or 0% of all its holdings. Swiss Savings Bank last reported 0% of its portfolio in the stock. The Pennsylvania-based Vanguard Gp Inc has invested 0% in Career Education Corp. (NASDAQ:CECO). Price T Rowe Associates Md, a Maryland-based fund reported 6.52 million shares. Moreover, Gabelli Funds Limited Liability Company has 0% invested in Career Education Corp. (NASDAQ:CECO) for 59,000 shares. One Trading Limited Partnership owns 1,603 shares or 0% of their US portfolio. Moreover, Rbf Ltd Liability Co has 0.05% invested in Career Education Corp. (NASDAQ:CECO) for 40,000 shares. Pub Sector Pension Invest Board last reported 0% of its portfolio in the stock. Tower Rech Capital Limited Liability Company (Trc) last reported 7,347 shares in the company. Moreover, Thompson Davis has 0% invested in Career Education Corp. (NASDAQ:CECO) for 500 shares. The Massachusetts-based Frontier Capital Mgmt Ltd Limited Liability Company has invested 0.33% in Career Education Corp. (NASDAQ:CECO). The Massachusetts-based State Street has invested 0% in Career Education Corp. (NASDAQ:CECO). Panagora Asset Mgmt Incorporated has 235,302 shares for 0.01% of their US portfolio. D E Shaw Com holds 0.01% or 488,967 shares in its portfolio. Mangrove Prtn, a New York-based fund reported 3.27 million shares.

Insider Transactions: Since November 21, 2016, the stock had 0 insider buys, and 1 sale for $64,105 net activity. Hurst Andrew had sold 6,592 shares worth $64,105.

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.

More recent Career Education Corp. (NASDAQ:CECO) news were published by: Reuters.com which released: “BRIEF-Kenda Gonzales joins Career Education Corporation board of directors” on October 26, 2016. Also Seekingalpha.com published the news titled: “Watch For A Sharp Drop In Career Education Corp.” on January 26, 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.

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By Ruchi Gupta


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