Campbell & CO Investment Adviser LLC Boosts Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Campbell & CO Investment Adviser LLC lifted its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 14.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 32,508 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Perdoceo Education were worth $398,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Macquarie Group Ltd. purchased a new position in shares of Perdoceo Education in the second quarter worth about $49,000. US Bancorp DE raised its stake in Perdoceo Education by 1,003.0% during the second quarter. US Bancorp DE now owns 3,309 shares of the company’s stock worth $53,000 after purchasing an additional 3,009 shares during the period. Advisor Group Holdings Inc. raised its stake in Perdoceo Education by 549.6% during the second quarter. Advisor Group Holdings Inc. now owns 3,365 shares of the company’s stock worth $54,000 after purchasing an additional 2,847 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Perdoceo Education by 52.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,991 shares of the company’s stock worth $159,000 after purchasing an additional 3,457 shares during the period. Finally, Bank of Montreal Can raised its stake in Perdoceo Education by 151.0% during the second quarter. Bank of Montreal Can now owns 10,318 shares of the company’s stock worth $160,000 after purchasing an additional 6,208 shares during the period. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PRDO opened at $12.16 on Friday. Perdoceo Education Co. has a 1-year low of $7.11 and a 1-year high of $19.85. The stock has a market cap of $840.63 million, a PE ratio of 8.44, a P/E/G ratio of 0.53 and a beta of 1.72. The firm has a 50-day simple moving average of $12.69 and a two-hundred day simple moving average of $14.11.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Perdoceo Education had a net margin of 15.60% and a return on equity of 24.90%. The business had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $173.57 million. Perdoceo Education’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts forecast that Perdoceo Education Co. will post 1.52 earnings per share for the current year.

A number of equities analysts have commented on PRDO shares. Barrington Research reaffirmed a “buy” rating and set a $20.00 target price on shares of Perdoceo Education in a research note on Tuesday, September 15th. Zacks Investment Research downgraded shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. TheStreet downgraded shares of Perdoceo Education from a “b-” rating to a “c+” rating in a research note on Tuesday, October 6th. BidaskClub downgraded shares of Perdoceo Education from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 30th. Finally, ValuEngine cut shares of Perdoceo Education from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.00.

In related news, SVP David C. Czeszewski sold 20,707 shares of Perdoceo Education stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $12.49, for a total value of $258,630.43. Following the completion of the transaction, the senior vice president now owns 104,785 shares in the company, valued at $1,308,764.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.55% of the company’s stock.

About Perdoceo Education

Perdoceo Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. It operates through two segments, Colorado Technical University and American InterContinental University.

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

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