Louisiana State Employees Retirement System Sells 3,200 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Louisiana State Employees Retirement System lowered its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 9.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,800 shares of the company’s stock after selling 3,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Perdoceo Education were worth $663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRDO. LSV Asset Management increased its stake in shares of Perdoceo Education by 59.4% in the first quarter. LSV Asset Management now owns 1,934,961 shares of the company’s stock valued at $33,978,000 after buying an additional 721,122 shares during the period. Boston Partners boosted its position in shares of Perdoceo Education by 979.2% during the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock valued at $13,376,000 after purchasing an additional 681,391 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Perdoceo Education by 24.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after purchasing an additional 518,048 shares in the last quarter. Millennium Management LLC boosted its position in shares of Perdoceo Education by 944.8% during the 2nd quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock valued at $5,283,000 after purchasing an additional 223,050 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Perdoceo Education during the 2nd quarter valued at about $3,634,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO opened at $21.98 on Tuesday. The business’s 50 day simple moving average is $21.69 and its two-hundred day simple moving average is $22.02. The firm has a market cap of $1.44 billion, a P/E ratio of 10.77, a PEG ratio of 0.68 and a beta of 1.04. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $26.40.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now owns 61,952 shares in the company, valued at $1,300,992. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.81% of the company’s stock.

Perdoceo Education Company 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.