Robeco Institutional Asset Management BV increased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 361.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 112,474 shares of the company’s stock after purchasing an additional 88,081 shares during the period. Robeco Institutional Asset Management BV’s holdings in Perdoceo Education were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in PRDO. First Quadrant LLC CA bought a new position in Perdoceo Education during the first quarter worth $38,000. Advisor Group Holdings Inc. lifted its stake 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 buying an additional 1,527 shares during the last quarter. Strs Ohio bought a new stake in Perdoceo Education in the fourth valued at $118,000. Fieldpoint Private Securities LLC lifted its stake 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 buying an additional 9,692 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in Perdoceo Education in the fourth quarter valued at $130,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.
Separately, StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th.
In related news, Director Thomas B. Lally sold 21,129 shares of Perdoceo Education stock in a transaction dated 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 directly owns 59,552 shares of the company’s stock, valued at $650,903.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Elise Baskel sold 9,508 shares of Perdoceo Education stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $11.13, for a total value of $105,824.04. Following the transaction, the senior vice president now directly owns 69,047 shares in the company, valued at $768,493.11. The disclosure for this sale can be found here. Insiders have sold 36,836 shares of company stock worth $402,969 over the last three months. Corporate insiders own 2.89% of the company’s stock.
Shares of PRDO opened at $11.92 on Friday. The firm has a market capitalization of $819.85 million, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 0.58 and a beta of 1.05. Perdoceo Education Co. has a one year low of $9.65 and a one year high of $12.65. The stock’s fifty-day moving average is $10.92 and its 200-day moving average is $11.11.
Perdoceo Education (NASDAQ:PRDO – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.23% and a net margin of 16.03%. On average, research analysts expect that Perdoceo Education Co. will post 1.38 earnings per share for the current fiscal year.
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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