Bridgewater Associates LP Has $913,000 Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Bridgewater Associates LP cut its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 52.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,036 shares of the company’s stock after selling 46,037 shares during the quarter. Bridgewater Associates LP owned approximately 0.06% of Perdoceo Education worth $913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Perdoceo Education by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock worth $103,538,000 after purchasing an additional 45,259 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Perdoceo Education by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock worth $108,580,000 after purchasing an additional 28,909 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock worth $96,512,000 after purchasing an additional 107,918 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Perdoceo Education by 24.3% during the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock worth $56,766,000 after purchasing an additional 518,048 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Perdoceo Education by 3.9% during the second quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after purchasing an additional 75,293 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Stock Down 0.7 %

PRDO opened at $27.45 on Monday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.81 and a beta of 1.04. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The company’s 50-day moving average price is $23.34 and its two-hundred day moving average price is $22.70.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) 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 company had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared 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. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is currently 26.13%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in 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 boosted their target price on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Insider Activity

In related news, Director Patrick W. Gross sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the sale, the director now owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. This represents a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $26.47, for a total transaction of $809,293.78. Following the sale, the senior vice president now directly owns 130,405 shares in the company, valued at $3,451,820.35. This trade represents a 18.99 % decrease in their position. 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 over the last quarter. Company 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.