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

Bridgewater Associates LP reduced its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 52.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,036 shares of the company's stock after selling 46,037 shares during the period. Bridgewater Associates LP owned about 0.06% of Perdoceo Education worth $913,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PRDO. Quarry LP lifted its stake in Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company's stock valued at $29,000 after acquiring an additional 1,254 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after purchasing an additional 492 shares during the period. Quest Partners LLC acquired a new position in shares of Perdoceo Education during the 2nd quarter worth about $39,000. Fifth Third Bancorp boosted its stake in Perdoceo Education by 650.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock valued at $40,000 after purchasing an additional 1,633 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Perdoceo Education in the 2nd quarter valued at approximately $74,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Stock Up 1.3 %

Perdoceo Education stock traded up $0.36 during trading hours on Monday, hitting $27.81. The stock had a trading volume of 666,468 shares, compared to its average volume of 464,544. The company has a 50-day moving average of $23.34 and a two-hundred day moving average of $22.70. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The company has a market cap of $1.83 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $169.83 million during the quarter, compared to analysts' expectations of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. Perdoceo Education's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. As a group, analysts forecast that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, December 2nd. Perdoceo Education's dividend payout ratio is 26.13%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barrington Research increased their price objective on Perdoceo Education from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. StockNews.com downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Saturday.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now owns 61,952 shares of the company's stock, valued at approximately $1,300,992. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $26.47, for a total value of $809,293.78. Following the completion of the sale, the senior vice president now owns 130,405 shares of the company's stock, valued at approximately $3,451,820.35. This trade represents a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,450 shares of company stock valued at $1,036,206 in the last 90 days. 1.81% of the stock is owned by corporate insiders.

About Perdoceo Education

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.