Gabelli Has Buy on Corinthian Colleges

Gabelli & Co. is out with a research report on Corinthian Colleges Inc (NASDAQ: COCO) and it has a Buy rating on shares.

In a note to clients, Gabelli & Co. writes, "New student enrollment remains the critical factor for COCO, and we appear to be reaching an inflection point. Enrollment improvement should enhance operating leverage in the back half of the fiscal year and the company should capture additional benefit from ongoing cost reduction efforts."

Shares of COCO closed at $2.18 yesterday.