Jane Street Group LLC Sells 17,160 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Jane Street Group LLC cut its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,451 shares of the company’s stock after selling 17,160 shares during the quarter. Jane Street Group LLC owned approximately 0.15% of Perdoceo Education worth $2,234,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PRDO. Blue Trust Inc. lifted its stake in shares of Perdoceo Education by 38.7% during the 3rd 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 last quarter. Louisiana State Employees Retirement System raised its stake in shares of Perdoceo Education by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company’s stock worth $707,000 after purchasing an additional 500 shares during the last quarter. Royce & Associates LP grew its stake in shares of Perdoceo Education by 1.0% during the 3rd quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after purchasing an additional 807 shares during the period. Lakewood Asset Management LLC increased its holdings in shares of Perdoceo Education by 8.7% during the 3rd quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company’s stock valued at $340,000 after purchasing an additional 1,219 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after purchasing an additional 1,254 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Price Performance

NASDAQ:PRDO opened at $26.12 on Tuesday. The company’s 50-day moving average is $25.03 and its two-hundred day moving average is $23.14. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.81 and a beta of 1.07.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The business 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%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. As a group, equities analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.13 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.99%. Perdoceo Education’s payout ratio is presently 26.13%.

Insiders Place Their Bets

In other news, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction 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 completion of the sale, the director now directly owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. The trade was a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Robert Kline sold 30,574 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,451,820.35. This represents a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PRDO. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 8th. Barrington Research boosted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

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.