Sei Investments Co. Cuts Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Sei Investments Co. lessened its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,621 shares of the company’s stock after selling 1,771 shares during the quarter. Sei Investments Co.’s holdings in Perdoceo Education were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PRDO. Pacific Ridge Capital Partners LLC boosted its stake in Perdoceo Education by 63.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 103,510 shares of the company’s stock worth $1,238,000 after purchasing an additional 40,330 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Perdoceo Education during the second quarter worth approximately $835,000. Bank of New York Mellon Corp increased its stake in shares of Perdoceo Education by 5.7% during the first quarter. Bank of New York Mellon Corp now owns 873,807 shares of the company’s stock worth $10,451,000 after buying an additional 46,742 shares during the period. Occudo Quantitative Strategies LP boosted its holdings in Perdoceo Education by 9.2% in the first quarter. Occudo Quantitative Strategies LP now owns 49,304 shares of the company’s stock valued at $590,000 after purchasing an additional 4,151 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Perdoceo Education by 6.7% in the first quarter. Ameriprise Financial Inc. now owns 318,645 shares of the company’s stock valued at $3,810,000 after purchasing an additional 20,000 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

PRDO stock opened at $10.54 on Friday. The company has a market capitalization of $738.66 million, a P/E ratio of 6.06, a PEG ratio of 0.44 and a beta of 1.20. Perdoceo Education Co. has a twelve month low of $10.25 and a twelve month high of $14.05. The business has a 50 day simple moving average of $11.13 and a 200-day simple moving average of $11.84.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Thursday, August 5th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $175.54 million during the quarter, compared to the consensus estimate of $177.09 million. Perdoceo Education had a return on equity of 19.97% and a net margin of 17.78%. On average, equities research analysts expect that Perdoceo Education Co. will post 1.61 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Barrington Research reaffirmed a “buy” rating and issued a $20.00 price target on shares of Perdoceo Education in a report on Thursday, September 16th. TheStreet downgraded Perdoceo Education from a “b-” rating to a “c” rating in a report on Monday, August 9th. Finally, Zacks Investment Research downgraded Perdoceo Education from a “hold” rating to a “sell” rating in a report on Wednesday, August 11th.

Perdoceo Education Company Profile

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.

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Institutional Ownership by Quarter for Perdoceo Education (NASDAQ:PRDO)

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