Teacher Retirement System of Texas lessened its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,932 shares of the company’s stock after selling 54,321 shares during the quarter. Teacher Retirement System of Texas’ holdings in Perdoceo Education were worth $916,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Perdoceo Education during the fourth quarter worth approximately $55,000. Captrust Financial Advisors lifted its position in shares of Perdoceo Education by 63.7% during the 1st quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock worth $49,000 after buying an additional 1,653 shares during the last quarter. Ronald Blue Trust Inc. raised its position in shares of Perdoceo Education by 69.7% in the 4th quarter. Ronald Blue Trust Inc. now owns 5,077 shares of the company’s stock worth $52,000 after acquiring an additional 2,086 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Perdoceo Education by 23.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 7,137 shares of the company’s stock worth $98,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Perdoceo Education by 190.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,692 shares of the company’s stock worth $89,000 after purchasing an additional 5,700 shares in the last quarter. 91.01% of the stock is currently owned by institutional investors.
Perdoceo Education Trading Down 1.4 %
Shares of NASDAQ PRDO opened at $12.38 on Monday. The company has a market cap of $835.65 million, a P/E ratio of 8.72, a P/E/G ratio of 0.47 and a beta of 1.19. The stock has a fifty day moving average price of $12.63 and a 200 day moving average price of $13.54. Perdoceo Education Co. has a 12-month low of $9.87 and a 12-month high of $15.65.
Insiders Place Their Bets
In related news, Chairman Todd S. Nelson sold 25,000 shares of Perdoceo Education stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $13.26, for a total transaction of $331,500.00. Following the transaction, the chairman now owns 941,504 shares of the company’s stock, valued at $12,484,343.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Perdoceo Education news, SVP David C. Czeszewski sold 11,671 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $12.01, for a total transaction of $140,168.71. Following the transaction, the senior vice president now owns 100,533 shares of the company’s stock, valued at approximately $1,207,401.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Todd S. Nelson sold 25,000 shares of Perdoceo Education stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $13.26, for a total value of $331,500.00. Following the transaction, the chairman now owns 941,504 shares of the company’s stock, valued at approximately $12,484,343.04. The disclosure for this sale can be found here. Insiders have sold a total of 71,671 shares of company stock valued at $939,469 over the last 90 days. 2.73% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Barrington Research increased their price target on Perdoceo Education from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, February 24th. StockNews.com assumed coverage on Perdoceo Education in a research report on Thursday, May 18th. They issued a “strong-buy” rating on the stock.
Perdoceo Education Profile
Perdoceo Education Corp. engages in the provision of educational services. It operates through the Colorado Technical University (CTU) and American InterContinental University (AIU) segments. The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.
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