Assenagon Asset Management S.A. lessened its stake in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 40.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,498 shares of the company’s stock after selling 105,246 shares during the period. Assenagon Asset Management S.A. owned about 0.22% of Perdoceo Education worth $1,751,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRDO. Philosophy Capital Management LLC bought a new stake in shares of Perdoceo Education in the 4th quarter valued at about $10,733,000. JPMorgan Chase & Co. grew its position in shares of Perdoceo Education by 109.0% in the 4th quarter. JPMorgan Chase & Co. now owns 787,429 shares of the company’s stock valued at $9,260,000 after buying an additional 410,690 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Perdoceo Education by 366.2% in the 4th quarter. SG Americas Securities LLC now owns 426,194 shares of the company’s stock valued at $5,012,000 after purchasing an additional 334,780 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Perdoceo Education by 168.2% in the 4th quarter. Mackenzie Financial Corp now owns 369,139 shares of the company’s stock valued at $4,341,000 after purchasing an additional 231,515 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Perdoceo Education by 66.6% in the 4th quarter. Pacer Advisors Inc. now owns 466,785 shares of the company’s stock valued at $5,489,000 after purchasing an additional 186,620 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.
Separately, StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th.
In other news, Director Thomas B. Lally sold 21,129 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $10.93, for a total value of $230,939.97. Following the completion of the sale, the director now directly owns 59,552 shares of the company’s stock, valued at $650,903.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Elise Baskel sold 6,199 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $10.68, for a total value of $66,205.32. Following the completion of the sale, the senior vice president now directly owns 62,848 shares of the company’s stock, valued at $671,216.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,836 shares of company stock worth $402,969. 2.89% of the stock is owned by company insiders.
PRDO stock opened at $11.92 on Friday. The stock’s 50 day simple moving average is $10.92 and its 200 day simple moving average is $11.11. Perdoceo Education Co. has a fifty-two week low of $9.65 and a fifty-two week high of $12.65. The company has a market cap of $819.85 million, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.58 and a beta of 1.05.
Perdoceo Education (NASDAQ:PRDO – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Perdoceo Education had a return on equity of 19.23% and a net margin of 16.03%. The business had revenue of $182.96 million for the quarter, compared to the consensus estimate of $180.00 million. Equities analysts predict that Perdoceo Education Co. will post 1.38 EPS for the current year.
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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