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Perdoceo Education Co. (NASDAQ:PRDO) Shares Acquired by Strs Ohio


Strs Ohio lifted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 615.8% during the 1st quarter, Holdings Channel reports. The firm owned 72,300 shares of the company’s stock after buying an additional 62,200 shares during the period. Strs Ohio’s holdings in Perdoceo Education were worth $830,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PRDO. Advisor Group Holdings Inc. raised its holdings in Perdoceo Education by 78.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,472 shares of the company’s stock valued at $41,000 after acquiring an additional 1,527 shares in the last quarter. Fieldpoint Private Securities LLC raised its holdings in Perdoceo Education by 2,982.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 10,017 shares of the company’s stock valued at $118,000 after acquiring an additional 9,692 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Perdoceo Education in the fourth quarter valued at approximately $130,000. Keebeck Alpha LP acquired a new stake in Perdoceo Education in the fourth quarter valued at approximately $135,000. Finally, PDT Partners LLC acquired a new stake in Perdoceo Education in the fourth quarter valued at approximately $152,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Transactions at Perdoceo Education

In other news, SVP Elise Baskel sold 6,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $10.68, for a total transaction of $66,205.32. Following the transaction, the senior vice president now directly owns 62,848 shares in the company, valued at $671,216.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Elise Baskel sold 6,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $10.68, for a total transaction of $66,205.32. Following the transaction, the senior vice president now directly owns 62,848 shares in the company, valued at $671,216.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas B. Lally sold 21,129 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $10.93, for a total transaction of $230,939.97. Following the transaction, the director now owns 59,552 shares in the company, valued at $650,903.36. 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. Insiders own 2.89% of the company’s stock.

Perdoceo Education Stock Up 3.2%

Shares of Perdoceo Education stock opened at $12.30 on Friday. The firm has a market capitalization of $845.99 million, a P/E ratio of 7.83, a P/E/G ratio of 0.57 and a beta of 1.05. Perdoceo Education Co. has a 52 week low of $9.65 and a 52 week high of $12.65. The firm’s 50 day moving average is $10.95 and its two-hundred day moving average is $11.12.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $182.96 million for the quarter, compared to analyst estimates of $180.00 million. Perdoceo Education had a net margin of 16.03% and a return on equity of 19.23%. As a group, research analysts expect that Perdoceo Education Co. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 12th.

About Perdoceo Education

(GetRating)

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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Want to see what other hedge funds are holding PRDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perdoceo Education Co. (NASDAQ:PRDO – Get Rating).

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



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