Leuthold Group LLC Boosts Stake in Perdoceo Education Corporation $PRDO

Leuthold Group LLC lifted its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 615.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,330 shares of the company’s stock after purchasing an additional 102,640 shares during the quarter. Leuthold Group LLC owned approximately 0.18% of Perdoceo Education worth $4,494,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PRDO. First Horizon Corp acquired a new stake in shares of Perdoceo Education in the third quarter valued at approximately $29,000. Blue Trust Inc. raised its position in Perdoceo Education by 81.5% in the 3rd quarter. Blue Trust Inc. now owns 833 shares of the company’s stock valued at $31,000 after purchasing an additional 374 shares during the last quarter. Richardson Financial Services Inc. raised its position in Perdoceo Education by 166.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 836 shares of the company’s stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Perdoceo Education by 49.9% during the 3rd quarter. Global Retirement Partners LLC now owns 1,154 shares of the company’s stock worth $43,000 after purchasing an additional 384 shares during the period. Finally, GAMMA Investing LLC grew its position in Perdoceo Education by 59.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $67,000 after purchasing an additional 659 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

NASDAQ PRDO opened at $30.47 on Thursday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.75 and a beta of 0.90. The business’s 50 day moving average is $30.57 and its two-hundred day moving average is $31.98. Perdoceo Education Corporation has a 12-month low of $23.87 and a 12-month high of $38.02. The company has a current ratio of 4.47, a quick ratio of 4.45 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Perdoceo Education in a report on Monday, January 5th. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Perdoceo Education has an average rating of “Buy” and an average target price of $42.00.

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.