Guess Who Picked Career Education Corp (NASDAQ:CECO) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Career Education Corp (NASDAQ:CECO) reported that Lebowitz Steven D has picked up 2,143,294 of common stock as of 2017-04-13.

The acquisition brings the aggregate amount owned by Lebowitz Steven D to a total of 2,143,294 representing a 3.12% stake in the company.

For those not familiar with the company, 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. The Company operates through four segments: CTU, AIU, Culinary Arts and Transitional Group. Its University group consists of AIU and CTU, which serve students online with career-focused degree programs. Its Career Colleges Group consists of Culinary Arts and Transitional Group segments. The Culinary Arts segment includes Le Cordon Bleu institutions in North America (LCB), which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu.

A glance at Career Education Corp (NASDAQ:CECO)’s key stats reveals a current market capitalization of 609.44 Million based on 68.76 Million shares outstanding and a price at last close of $9.05 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-06-04, Mccray picked up 5,000 at a purchase price of $3.72. This brings their total holding to 271,619 as of the date of the filing.

On the sell side, the most recent transaction saw Wang unload 7,731 shares at a sale price of $10.21. This brings their total holding to 556,552.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Career Education Corp (NASDAQ:CECO) as things move forward to see if its progress aligns with these transactions.

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