State of Alaska Department of Revenue Has $483,000 Stake in Perdoceo Education Co. (NASDAQ:PRDO)

State of Alaska Department of Revenue decreased its position in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 9.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,955 shares of the company’s stock after selling 5,071 shares during the period. State of Alaska Department of Revenue’s holdings in Perdoceo Education were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in 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 worth $226,000 after purchasing an additional 996 shares during the period. Citigroup Inc. boosted its stake in Perdoceo Education by 2.0% in the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after purchasing an additional 1,331 shares during the period. Mutual of America Capital Management LLC boosted its stake in Perdoceo Education by 14.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 11,552 shares of the company’s stock worth $136,000 after purchasing an additional 1,450 shares during the period. Captrust Financial Advisors boosted its stake in shares of Perdoceo Education by 63.7% during the 1st quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after buying an additional 1,653 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Perdoceo Education by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 205,587 shares of the company’s stock valued at $2,422,000 after buying an additional 1,933 shares during the period. Institutional investors and hedge funds own 91.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PRDO. TheStreet raised shares of Perdoceo Education from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd. StockNews.com began coverage on shares of Perdoceo Education in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company.

Insider Activity

In other news, SVP John Robert Kline sold 36,774 shares of the firm’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 transaction, the senior vice president now owns 161,998 shares in the company, valued at approximately $1,861,357.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP John Robert Kline sold 36,774 shares of Perdoceo Education stock in a transaction on Friday, October 28th. The shares were sold at an average price of $11.49, for a total value of $422,533.26. Following the transaction, the senior vice president now owns 161,998 shares in the company, valued at approximately $1,861,357.02. The sale 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 on Monday, October 17th. The stock was sold at an average price of $10.64, for a total transaction of $266,000.00. Following the completion of the transaction, the chairman now owns 911,417 shares in the company, valued at approximately $9,697,476.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,399 shares of company stock worth $718,695. 2.89% of the stock is owned by corporate insiders.

Perdoceo Education Trading Up 2.3 %

Perdoceo Education stock opened at $15.00 on Friday. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.68 and a beta of 1.16. The firm’s fifty day simple moving average is $14.04 and its 200-day simple moving average is $12.47. Perdoceo Education Co. has a 1-year low of $9.65 and a 1-year high of $15.10.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last released its quarterly earnings results on Monday, November 7th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $168.42 million for the quarter, compared to the consensus estimate of $159.21 million. Perdoceo Education had a net margin of 15.37% and a return on equity of 17.44%. On average, equities research analysts predict that Perdoceo Education Co. will post 1.59 earnings per share for the current year.

About Perdoceo Education

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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.