Gabelli Maintains Hold on Corinthian Colleges

Gabelli is out with its report today on Corinthian Colleges COCO, maintaining Hold. In its report, Gabelli writes, "Hold. Based in part on 1) an expected increase in the number of ATB students, 2) adjustments in tuition that encourages full-time students (and accelerates revenues), 3) costs moderating after a seasonal 1Q spike in marketing, we estimate that the company will earn $0.25-0.30 per share on $1.68 billion of revenues." At the time of posting, shares of COCO were trading at $1.89, down 3.57% from Tuesday's close.