ITT Educational Services Inc. (NYSE:ESI) CEO Saga Of Asset Sale

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Dallas, Texas 09/08/2014 (FINANCIALSTRENDS) – ITT Educational Services Inc. (NYSE:ESI) as with many of the for-profit educational institutions in current times, is in a spot of Big Trouble. While peers struggle with funding institutions, ESI has another issue to grapple with, last month.  However, the result of all of these unabated pressure to bring down costs and increase ‘employability factors’ in students emerging from these institution is the analyst coverage of these educational players.

The continued consensus downgrade, as expected, had the desired impact on the share prices of players such as ITT Educational Services Inc. (NYSE:ESI) and most of its peers.

Currently, fifteen firms which are covering this institution are poised on ‘Hold’ rating. There is a substantial Hold rating of seven as opposed to two analysts who recommend a sell. Four also recommend a buy. But the consensus ‘hold’ rating continues to add pressure, allowing room for a quick move by those investors who do not care much for a hold stock on their portfolio.

This has led to key players such as ITT Educational Services Inc. (NYSE:ESI)seeking alternatives and pursuing fund arrangements which will allow them some breathing space to align with new requirements of the players in this sector.

In its latest news, the company is looking for fresh management talent and has since announced the appointment of, “Ryan L. Roney has joined ITT Educational Service Inc. as executive vice president, chief administrative and legal officer and secretary.” The change in executives is expected to help the institute mark a turnaround and remain profitable, within the scheme set out by the administration.

Education Service Inc, currently in transition, as it looks to incorporate and assimilate latest statutory requirements, is definitely a key player in this segment. The  turnaround, albeit slow and a demanding, is all set to happen if the government remains firm on its new guidelines for its for-profit educational institutions.

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