Los Angeles Capital Management LLC Has $1.01 Million Position in Perdoceo Education Co. (NASDAQ:PRDO)

Los Angeles Capital Management LLC raised its position in Perdoceo Education Co. (NASDAQ:PRDOGet Rating) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,090 shares of the company’s stock after purchasing an additional 2,711 shares during the period. Los Angeles Capital Management LLC owned approximately 0.13% of Perdoceo Education worth $1,014,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Perdoceo Education by 5.5% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 19,220 shares of the company’s stock valued at $226,000 after buying an additional 996 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in shares of Perdoceo Education by 8.5% in the first quarter. Campbell & CO Investment Adviser LLC now owns 15,400 shares of the company’s stock worth $177,000 after acquiring an additional 1,200 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Perdoceo Education by 2.0% in the first quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after acquiring an additional 1,331 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Perdoceo Education by 63.7% during the first quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock worth $49,000 after purchasing an additional 1,653 shares during the period. Finally, Koss Olinger Consulting LLC lifted its holdings in shares of Perdoceo Education by 19.1% during the 2nd quarter. Koss Olinger Consulting LLC now owns 13,242 shares of the company’s stock valued at $156,000 after purchasing an additional 2,125 shares in the last quarter. 95.31% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Trading Up 1.7 %

Shares of PRDO opened at $11.78 on Tuesday. The stock has a market capitalization of $798.18 million, a price-to-earnings ratio of 7.50, a PEG ratio of 0.53 and a beta of 1.14. Perdoceo Education Co. has a 12 month low of $9.65 and a 12 month high of $13.89. The firm has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $11.34.

Perdoceo Education (NASDAQ:PRDOGet Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $167.68 million during the quarter, compared to the consensus estimate of $163.08 million. Perdoceo Education had a net margin of 16.08% and a return on equity of 18.62%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. As a group, research analysts predict that Perdoceo Education Co. will post 1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PRDO has been the subject of a number of research reports. TheStreet cut Perdoceo Education from a “b-” rating to a “c” rating in a research note on Monday, October 3rd. StockNews.com began coverage on Perdoceo Education in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Finally, Barrington Research reissued an “outperform” rating on shares of Perdoceo Education in a research report on Tuesday, August 9th.

Insider Buying and Selling

In other Perdoceo Education news, SVP John Robert Kline sold 36,774 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $11.49, for a total value of $422,533.26. Following the completion of the transaction, the senior vice president now directly owns 161,998 shares in the company, valued at $1,861,357.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Perdoceo Education news, SVP John Robert Kline sold 36,774 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $11.49, for a total transaction of $422,533.26. Following the sale, the senior vice president now directly owns 161,998 shares of the company’s stock, valued at $1,861,357.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Todd S. Nelson sold 25,000 shares of Perdoceo Education stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $10.12, for a total transaction of $253,000.00. Following the completion of the transaction, the chairman now directly owns 1,036,417 shares of the company’s stock, valued at approximately $10,488,540.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,399 shares of company stock worth $1,490,695. Corporate insiders own 2.89% of the company’s stock.

Perdoceo Education Company Profile

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

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