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State of Alaska Department of Revenue decreased its holdings in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,766 shares of the company’s stock after selling 870 shares during the quarter. State of Alaska Department of Revenue’s holdings in Perdoceo Education were worth $559,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in Perdoceo Education by 2.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 45,914 shares of the company’s stock worth $540,000 after acquiring an additional 904 shares during the period. Advisor Group Holdings Inc. lifted its position in Perdoceo Education by 78.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,472 shares of the company’s stock worth $41,000 after acquiring an additional 1,527 shares during the period. Teacher Retirement System of Texas lifted its position in Perdoceo Education by 20.3% during the 4th quarter. Teacher Retirement System of Texas now owns 13,578 shares of the company’s stock worth $160,000 after acquiring an additional 2,291 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Perdoceo Education by 18.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,393 shares of the company’s stock worth $287,000 after acquiring an additional 3,863 shares during the period. Finally, Rhumbline Advisers lifted its position in Perdoceo Education by 2.4% during the 4th quarter. Rhumbline Advisers now owns 205,486 shares of the company’s stock worth $2,417,000 after acquiring an additional 4,739 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.
Shares of PRDO stock opened at $11.96 on Friday. The stock has a market cap of $822.61 million, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05. The business has a 50-day simple moving average of $10.84 and a 200-day simple moving average of $11.10. Perdoceo Education Co. has a 52-week low of $9.65 and a 52-week high of $12.65.
Perdoceo Education (NASDAQ:PRDO – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $182.96 million during the quarter, compared to analysts’ expectations of $180.00 million. Perdoceo Education had a return on equity of 19.23% and a net margin of 16.03%. As a group, research analysts expect that Perdoceo Education Co. will post 1.38 EPS for the current year.
In related news, CFO Ashish R. Ghia sold 22,973 shares of Perdoceo Education stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $11.44, for a total value of $262,811.12. Following the completion of the transaction, the chief financial officer now owns 194,887 shares in the company, valued at approximately $2,229,507.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Elise Baskel sold 6,199 shares of Perdoceo Education stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $10.68, for a total value of $66,205.32. Following the completion of the transaction, the senior vice president now owns 62,848 shares of the company’s stock, valued at approximately $671,216.64. The disclosure for this sale can be found here. In the last three months, insiders sold 59,809 shares of company stock valued at $665,780. Insiders own 2.89% of the company’s stock.
Separately, StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 12th.
Perdoceo Education Company Profile (Get Rating)
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.
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