Bridgewater Associates LP Sells 46,037 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Bridgewater Associates LP decreased its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 52.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 41,036 shares of the company’s stock after selling 46,037 shares during the quarter. Bridgewater Associates LP’s holdings in Perdoceo Education were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PRDO. Vanguard Group Inc. boosted its stake in shares of Perdoceo Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock valued at $103,538,000 after purchasing an additional 45,259 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Perdoceo Education in the 2nd quarter valued at $2,570,000. SG Americas Securities LLC purchased a new stake in shares of Perdoceo Education in the 2nd quarter valued at $954,000. Victory Capital Management Inc. boosted its stake in shares of Perdoceo Education by 71.3% in the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock valued at $1,642,000 after purchasing an additional 30,725 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Perdoceo Education by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after purchasing an additional 107,918 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Down 0.7 %

Shares of PRDO opened at $27.45 on Monday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.79, a PEG ratio of 0.81 and a beta of 1.04. The firm has a fifty day simple moving average of $23.34 and a two-hundred day simple moving average of $22.70. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The business had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. During the same quarter in the prior year, the company posted $0.64 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. Sell-side analysts expect that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. Perdoceo Education’s dividend payout ratio is 26.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRDO. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Barrington Research increased their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Insider Transactions at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,400 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the sale, the director now directly owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now directly owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,450 shares of company stock valued at $1,036,206. Company insiders own 1.81% of the company’s stock.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.