Private Management Group Inc. Sells 33,757 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Private Management Group Inc. decreased its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 544,858 shares of the company's stock after selling 33,757 shares during the period. Private Management Group Inc. owned approximately 0.83% of Perdoceo Education worth $12,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRDO. Farther Finance Advisors LLC grew its holdings in shares of Perdoceo Education by 3,465.3% in the third quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company's stock valued at $140,000 after acquiring an additional 6,099 shares in the last quarter. Vest Financial LLC increased its holdings in Perdoceo Education by 26.5% during the third quarter. Vest Financial LLC now owns 66,728 shares of the company's stock worth $1,484,000 after buying an additional 13,977 shares during the last quarter. Blue Trust Inc. increased its holdings in Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after buying an additional 492 shares during the last quarter. Lakewood Asset Management LLC increased its holdings in Perdoceo Education by 8.7% during the third quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company's stock worth $340,000 after buying an additional 1,219 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Perdoceo Education during the second quarter worth about $1,836,000. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and set a $30.00 price objective on shares of Perdoceo Education in a report on Friday, September 20th.

Perdoceo Education Stock Down 1.4 %

NASDAQ PRDO traded down $0.32 during trading hours on Friday, reaching $22.03. 318,845 shares of the company were exchanged, compared to its average volume of 463,113. Perdoceo Education Co. has a 1 year low of $16.12 and a 1 year high of $26.40. The business's 50 day simple moving average is $21.71 and its 200-day simple moving average is $21.95. The stock has a market capitalization of $1.45 billion, a P/E ratio of 10.80, a P/E/G ratio of 0.68 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The business had revenue of $166.74 million during the quarter, compared to the consensus estimate of $160.91 million. Perdoceo Education had a net margin of 20.57% and a return on equity of 16.42%. The firm's quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. As a group, sell-side analysts anticipate that Perdoceo Education Co. will post 2.19 earnings per share for the current year.

Insider Transactions at Perdoceo Education

In other news, Director William Dean Hansen sold 13,185 shares of Perdoceo Education stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $23.01, for a total value of $303,386.85. Following the completion of the transaction, the director now directly owns 39,016 shares in the company, valued at approximately $897,758.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michele A. Peppers sold 6,476 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the transaction, the insider now owns 61,952 shares of the company's stock, valued at approximately $1,300,992. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Dean Hansen sold 13,185 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $23.01, for a total transaction of $303,386.85. Following the completion of the sale, the director now owns 39,016 shares in the company, valued at $897,758.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,325 shares of company stock worth $1,044,656 over the last quarter. Corporate insiders own 1.81% of the company's stock.

Perdoceo Education 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.