Campbell & CO Investment Adviser LLC boosted its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 14.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,508 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Perdoceo Education were worth $398,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Two Sigma Advisers LP grew its stake in Perdoceo Education by 3.3% in the 2nd quarter. Two Sigma Advisers LP now owns 404,466 shares of the company’s stock worth $6,443,000 after acquiring an additional 13,100 shares in the last quarter. Principal Financial Group Inc. bought a new position in Perdoceo Education in the 2nd quarter worth about $8,434,000. Charles Schwab Investment Management Inc. grew its stake in Perdoceo Education by 16.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 723,547 shares of the company’s stock worth $11,527,000 after acquiring an additional 101,959 shares in the last quarter. California State Teachers Retirement System grew its stake in Perdoceo Education by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 105,032 shares of the company’s stock worth $1,673,000 after acquiring an additional 886 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Perdoceo Education in the 2nd quarter worth about $4,507,000. Institutional investors own 89.67% of the company’s stock.
A number of equities analysts have commented on the stock. TheStreet downgraded shares of Perdoceo Education from a “b-” rating to a “c+” rating in a research note on Tuesday, October 6th. Barrington Research reaffirmed a “buy” rating and issued a $20.00 price target on shares of Perdoceo Education in a research report on Tuesday, September 15th. Zacks Investment Research cut shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. BidaskClub cut shares of Perdoceo Education from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 30th. Finally, ValuEngine cut shares of Perdoceo Education from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Perdoceo Education has an average rating of “Hold” and an average target price of $19.00.
In other Perdoceo Education news, SVP David C. Czeszewski sold 20,707 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $12.49, for a total value of $258,630.43. Following the completion of the transaction, the senior vice president now owns 104,785 shares of the company’s stock, valued at $1,308,764.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.55% of the company’s stock.
NASDAQ:PRDO opened at $12.16 on Friday. Perdoceo Education Co. has a 52 week low of $7.11 and a 52 week high of $19.85. The firm has a 50 day moving average of $12.69 and a 200 day moving average of $14.11. The stock has a market capitalization of $840.63 million, a price-to-earnings ratio of 8.44, a PEG ratio of 0.53 and a beta of 1.72.
Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Thursday, August 6th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. Perdoceo Education had a net margin of 15.60% and a return on equity of 24.90%. The company had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $173.57 million. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts anticipate that Perdoceo Education Co. will post 1.52 earnings per share for the current fiscal year.
Perdoceo Education Company Profile
Perdoceo Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. It operates through two segments, Colorado Technical University and American InterContinental University.
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