Versor Investments LP Reduces Stake in Perdoceo Education Corporation $PRDO

Versor Investments LP decreased its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 80.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,146 shares of the company’s stock after selling 40,483 shares during the quarter. Versor Investments LP’s holdings in Perdoceo Education were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Cresset Asset Management LLC acquired a new position in Perdoceo Education in the 2nd quarter valued at about $2,453,000. Summit Global Investments acquired a new stake in shares of Perdoceo Education during the 3rd quarter worth about $1,422,000. Acadian Asset Management LLC lifted its position in Perdoceo Education by 110.8% in the second quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock valued at $30,173,000 after buying an additional 485,571 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Perdoceo Education by 47.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 159,764 shares of the company’s stock worth $6,017,000 after purchasing an additional 51,472 shares during the period. Finally, Copeland Capital Management LLC purchased a new stake in Perdoceo Education in the third quarter valued at approximately $35,497,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

PRDO has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 12th. Finally, Barrington Research reissued an “outperform” rating and issued a $42.00 price target on shares of Perdoceo Education in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education currently has a consensus rating of “Buy” and a consensus price target of $42.00.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock opened at $30.47 on Friday. The business has a 50-day simple moving average of $30.61 and a 200-day simple moving average of $31.96. The company has a market cap of $1.96 billion, a PE ratio of 13.02, a P/E/G ratio of 0.73 and a beta of 0.90. Perdoceo Education Corporation has a one year low of $23.87 and a one year high of $38.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.45 and a current ratio of 4.47.

About Perdoceo Education

Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.