Perdoceo Education Corporation $PRDO Shares Sold by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC lowered its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 89.2% during the second quarter, Holdings Channel.com reports. The fund owned 7,072 shares of the company’s stock after selling 58,655 shares during the quarter. Castlekeep Investment Advisors LLC’s holdings in Perdoceo Education were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRDO. Nuveen LLC acquired a new position in Perdoceo Education in the first quarter valued at $18,758,000. Goldman Sachs Group Inc. boosted its holdings in Perdoceo Education by 49.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after acquiring an additional 513,599 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Perdoceo Education in the first quarter valued at $11,022,000. Millennium Management LLC boosted its holdings in Perdoceo Education by 48.9% in the first quarter. Millennium Management LLC now owns 1,297,465 shares of the company’s stock valued at $32,670,000 after acquiring an additional 425,893 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Perdoceo Education by 58.9% in the first quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company’s stock valued at $27,398,000 after acquiring an additional 403,157 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PRDO. Barrington Research reiterated an “outperform” rating and issued a $42.00 target price on shares of Perdoceo Education in a report on Tuesday, October 21st. Wall Street Zen cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $42.00.

Insider Transactions at Perdoceo Education

In related news, Chairman Gregory L. Jackson sold 16,561 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $33.51, for a total value of $554,959.11. Following the completion of the transaction, the chairman owned 60,962 shares of the company’s stock, valued at approximately $2,042,836.62. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Elise Baskel sold 21,212 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the transaction, the senior vice president directly owned 72,142 shares of the company’s stock, valued at $2,524,970. This represents a 22.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 205,656 shares of company stock valued at $6,871,148 in the last three months. 2.11% of the stock is currently owned by company insiders.

Perdoceo Education Stock Down 10.0%

Shares of NASDAQ PRDO opened at $31.76 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. Perdoceo Education Corporation has a 1 year low of $21.81 and a 1 year high of $38.02. The stock’s 50-day simple moving average is $34.97 and its 200-day simple moving average is $32.00. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.92 and a beta of 0.88.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.Perdoceo Education’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, equities analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.