Perdoceo Education Corporation $PRDO Stock Position Trimmed by Gallacher Capital Management LLC

Gallacher Capital Management LLC decreased its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 71.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,928 shares of the company’s stock after selling 17,575 shares during the quarter. Gallacher Capital Management LLC’s holdings in Perdoceo Education were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. State of Wyoming lifted its position in shares of Perdoceo Education by 48.8% during the third quarter. State of Wyoming now owns 17,419 shares of the company’s stock worth $539,000 after purchasing an additional 5,710 shares in the last quarter. BOKF NA grew its holdings in Perdoceo Education by 10.1% during the 3rd quarter. BOKF NA now owns 11,948 shares of the company’s stock valued at $370,000 after purchasing an additional 1,095 shares in the last quarter. Lakewood Asset Management LLC grew its holdings in Perdoceo Education by 5.5% during the 3rd quarter. Lakewood Asset Management LLC now owns 18,354 shares of the company’s stock valued at $568,000 after purchasing an additional 949 shares in the last quarter. Inspire Investing LLC increased its stake in Perdoceo Education by 26.1% during the 3rd quarter. Inspire Investing LLC now owns 4,123 shares of the company’s stock worth $128,000 after buying an additional 853 shares during the period. Finally, Vest Financial LLC increased its stake in Perdoceo Education by 5.3% during the 3rd quarter. Vest Financial LLC now owns 243,234 shares of the company’s stock worth $7,526,000 after buying an additional 12,142 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 11,271 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares of the company’s stock, valued at $2,064,079.22. This trade represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd Nelson sold 46,199 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $32.89, for a total transaction of $1,519,485.11. Following the completion of the sale, the chief executive officer directly owned 301,782 shares of the company’s stock, valued at $9,925,609.98. The trade was a 13.28% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on PRDO shares. Wall Street Zen cut shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Perdoceo Education Stock Up 1.1%

Shares of PRDO opened at $29.99 on Thursday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 0.63 and a beta of 0.76. The business’s 50 day moving average is $32.43 and its two-hundred day moving average is $33.31. Perdoceo Education Corporation has a 52-week low of $26.66 and a 52-week high of $38.50.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $213.35 million during the quarter, compared to analyst estimates of $212.50 million. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. On average, equities analysts expect that Perdoceo Education Corporation will post 3.13 earnings per share for the current fiscal year.

Perdoceo Education Company Profile

Perdoceo Education Corporation (NASDAQ: PRDO) is a provider of postsecondary education focused primarily on online learning. Through its institutions, the company offers career-oriented academic programs designed for working adults and other nontraditional students.

Perdoceo’s education brands include American InterContinental University and Colorado Technical University, which offer associate, bachelor’s, master’s and doctoral degree programs in areas such as business, information technology, healthcare, criminal justice and engineering.