JPMorgan Chase & Co. reduced its holdings in Career Education Corp. (NASDAQ:CECO) by 18.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 89,450 shares of the company’s stock after selling 20,592 shares during the quarter. JPMorgan Chase & Co.’s holdings in Career Education were worth $942,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Frontier Capital Management Co. LLC grew its holdings in Career Education by 0.4% in the third quarter. Frontier Capital Management Co. LLC now owns 6,900,815 shares of the company’s stock valued at $71,699,000 after purchasing an additional 26,331 shares during the period. Vanguard Group Inc. grew its holdings in Career Education by 4.1% in the second quarter. Vanguard Group Inc. now owns 3,359,052 shares of the company’s stock valued at $32,247,000 after purchasing an additional 132,037 shares during the period. Mangrove Partners grew its holdings in Career Education by 20.2% in the second quarter. Mangrove Partners now owns 1,907,687 shares of the company’s stock valued at $18,314,000 after purchasing an additional 320,464 shares during the period. State Street Corp grew its holdings in Career Education by 1.9% in the second quarter. State Street Corp now owns 1,634,786 shares of the company’s stock valued at $15,693,000 after purchasing an additional 30,668 shares during the period. Finally, Lonestar Capital Management LLC grew its holdings in Career Education by 127.4% in the second quarter. Lonestar Capital Management LLC now owns 828,806 shares of the company’s stock valued at $7,957,000 after purchasing an additional 464,290 shares during the period. 76.41% of the stock is currently owned by institutional investors.
Shares of Career Education Corp. (NASDAQ:CECO) opened at $12.63 on Friday. The stock has a market capitalization of $872.66, a P/E ratio of 52.63 and a beta of 2.72. Career Education Corp. has a 12 month low of $7.62 and a 12 month high of $13.92.
Separately, BidaskClub lowered Career Education from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th.
In other news, SVP John Robert Kline sold 2,700 shares of Career Education stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $12.12, for a total value of $32,724.00. Following the sale, the senior vice president now directly owns 96,718 shares of the company’s stock, valued at $1,172,222.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew Hurst sold 3,889 shares of Career Education stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $12.81, for a total value of $49,818.09. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.com-unik.info/2018/01/14/career-education-corp-ceco-shares-sold-by-jpmorgan-chase-co.html.
About Career Education
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’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.
Want to see what other hedge funds are holding CECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Career Education Corp. (NASDAQ:CECO).
Receive News & Ratings for Career Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Career Education and related companies with MarketBeat.com's FREE daily email newsletter.