Jupiter Asset Management Ltd. raised its position in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 407,285 shares of the company’s stock after buying an additional 110,356 shares during the period. Jupiter Asset Management Ltd. owned about 0.61% of Perdoceo Education worth $5,657,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its stake in shares of Perdoceo Education by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 65,630 shares of the company’s stock worth $912,000 after purchasing an additional 798 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Perdoceo Education by 0.3% during the fourth quarter. Principal Financial Group Inc. now owns 419,331 shares of the company’s stock worth $5,829,000 after purchasing an additional 1,168 shares in the last quarter. Citigroup Inc. increased its stake in shares of Perdoceo Education by 2.0% during the first quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after purchasing an additional 1,331 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Perdoceo Education by 63.7% during the first quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock worth $49,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Perdoceo Education by 16.7% during the third quarter. Mutual of America Capital Management LLC now owns 13,481 shares of the company’s stock worth $139,000 after purchasing an additional 1,929 shares in the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.
Perdoceo Education Price Performance
NASDAQ:PRDO opened at $12.25 on Friday. The company’s 50-day moving average is $12.95 and its two-hundred day moving average is $13.65. Perdoceo Education Co. has a 1-year low of $9.87 and a 1-year high of $15.65. The firm has a market capitalization of $826.88 million, a price-to-earnings ratio of 8.63, a PEG ratio of 0.46 and a beta of 1.20.
Perdoceo Education (NASDAQ:PRDO – Get Rating) last released its earnings results on Thursday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Perdoceo Education had a net margin of 13.88% and a return on equity of 16.28%. The company had revenue of $195.60 million for the quarter, compared to analyst estimates of $189.36 million. During the same period in the prior year, the business earned $0.50 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Perdoceo Education Co. will post 1.77 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, SVP David C. Czeszewski sold 11,671 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $12.01, for a total transaction of $140,168.71. Following the completion of the sale, the senior vice president now owns 100,533 shares in the company, valued at approximately $1,207,401.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP David C. Czeszewski sold 11,671 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $12.01, for a total transaction of $140,168.71. Following the completion of the sale, the senior vice president now owns 100,533 shares in the company, valued at approximately $1,207,401.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Robert Kline sold 10,000 shares of the firm’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $13.43, for a total transaction of $134,300.00. Following the completion of the sale, the senior vice president now owns 168,315 shares of the company’s stock, valued at approximately $2,260,470.45. The disclosure for this sale can be found here. Insiders sold a total of 103,671 shares of company stock worth $1,376,109 in the last 90 days. Company insiders own 2.73% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on PRDO. StockNews.com initiated coverage on shares of Perdoceo Education in a research note on Thursday. They set a “strong-buy” rating for the company. Barrington Research upped their price objective on shares of Perdoceo Education from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, February 24th.
Perdoceo Education Profile
Perdoceo Education Corp. engages in the provision of educational services. It operates through the Colorado Technical University (CTU) and American InterContinental University (AIU) segments. 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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