Perdoceo Education (NASDAQ:PRDO – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, February 23rd. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Perdoceo Education Stock Performance
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Shares of NASDAQ:PRDO opened at $14.29 on Thursday. The business’s fifty day moving average price is $14.32 and its two-hundred day moving average price is $12.84. The stock has a market cap of $959.86 million, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.66 and a beta of 1.17. Perdoceo Education has a one year low of $9.65 and a one year high of $15.65.
Insiders Place Their Bets
In other Perdoceo Education news, SVP John Robert Kline sold 10,000 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $14.76, for a total transaction of $147,600.00. Following the transaction, the senior vice president now owns 151,998 shares of the company’s stock, valued at approximately $2,243,490.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.89% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in PRDO. Jane Street Group LLC raised its position in Perdoceo Education by 48.9% in the fourth quarter. Jane Street Group LLC now owns 48,902 shares of the company’s stock valued at $680,000 after purchasing an additional 16,064 shares during the period. Squarepoint Ops LLC purchased a new position in Perdoceo Education in the fourth quarter valued at about $251,000. Legal & General Group Plc raised its position in Perdoceo Education by 1.1% in the fourth quarter. Legal & General Group Plc now owns 168,536 shares of the company’s stock valued at $2,343,000 after purchasing an additional 1,882 shares during the period. Morgan Stanley raised its position in Perdoceo Education by 5.9% in the fourth quarter. Morgan Stanley now owns 1,078,038 shares of the company’s stock valued at $14,985,000 after purchasing an additional 60,438 shares during the period. Finally, AQR Capital Management LLC raised its position in Perdoceo Education by 17.0% in the fourth quarter. AQR Capital Management LLC now owns 653,577 shares of the company’s stock valued at $9,085,000 after purchasing an additional 95,174 shares during the period. 91.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PRDO has been the topic of a number of analyst reports. TheStreet upgraded Perdoceo Education from a “c+” rating to a “b-” rating in a report on Tuesday, November 22nd. Barrington Research reissued an “outperform” rating and set a $16.00 price target on shares of Perdoceo Education in a research note on Friday, February 10th.
About Perdoceo Education
Perdoceo Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU) and American InterContinental University (AIU). The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.
Further Reading
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