Perdoceo Education Corporation $PRDO Stake Cut by Gallacher Capital Management LLC

Gallacher Capital Management LLC lessened its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 71.7% in the third quarter, HoldingsChannel.com reports. The firm owned 6,928 shares of the company’s stock after selling 17,575 shares during the period. Gallacher Capital Management LLC’s holdings in Perdoceo Education were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Perdoceo Education by 0.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,318 shares of the company’s stock worth $3,338,000 after buying an additional 525 shares during the last quarter. Baron Wealth Management LLC grew its position in shares of Perdoceo Education by 9.5% during the 2nd quarter. Baron Wealth Management LLC now owns 7,356 shares of the company’s stock valued at $235,000 after buying an additional 636 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Perdoceo Education by 48.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock valued at $63,000 after buying an additional 699 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Perdoceo Education by 16.2% during the third quarter. Nisa Investment Advisors LLC now owns 5,380 shares of the company’s stock worth $166,000 after acquiring an additional 749 shares during the period. Finally, Inspire Investing LLC raised its stake in Perdoceo Education by 26.1% during the third quarter. Inspire Investing LLC now owns 4,123 shares of the company’s stock worth $128,000 after acquiring an additional 853 shares during the period. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $29.99 on Thursday. The firm has a market capitalization of $1.88 billion, a PE ratio of 10.09, a P/E/G ratio of 0.63 and a beta of 0.76. Perdoceo Education Corporation has a 1-year low of $26.66 and a 1-year high of $38.50. The business’s fifty day moving average price is $32.43 and its two-hundred day moving average price is $33.31.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. Equities research analysts expect that Perdoceo Education Corporation will post 3.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PRDO shares. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a report on Thursday, October 15th. Wall Street Zen lowered Perdoceo Education from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.00.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 46,199 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $32.89, for a total value of $1,519,485.11. Following the completion of the transaction, the chief executive officer owned 301,782 shares in the company, valued at approximately $9,925,609.98. This represents a 13.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory L. Jackson sold 11,271 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman owned 64,949 shares of the company’s stock, valued at approximately $2,064,079.22. This trade represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is owned by company insiders.

Perdoceo Education Profile

Perdoceo Education Corporation (NASDAQ: PRDO) is a provider of postsecondary education focused primarily on online learning. Through its institutions, the company offers career-oriented academic programs designed for working adults and other nontraditional students.

Perdoceo’s education brands include American InterContinental University and Colorado Technical University, which offer associate, bachelor’s, master’s and doctoral degree programs in areas such as business, information technology, healthcare, criminal justice and engineering.