PRDO Perdoceo Education Corp

Copeland Capital Management LLC has acquired a new position in Perdoceo Education Corporation (NASDAQ:PRDO), purchasing 942,565 shares valued at approximately $35.5 million. This stake represents 1.45% of the company. Perdoceo Education recently beat Q3 earnings estimates and issued positive guidance for Q4 and FY2025, with institutional ownership at 93.46% and an average analyst rating of "Buy" with a $42 target.

Exchange Traded Concepts LLC has significantly increased its stake in Perdoceo Education Corporation by acquiring an additional 51,472 shares, bringing their total holdings to 159,764 shares, valued at approximately $6.02 million. This move highlights growing institutional interest, with hedge funds and other investors now owning 93.46% of the stock. Perdoceo recently exceeded Q3 earnings expectations and analysts currently rate the stock as a "Buy" with an average price target of $42.

Squarepoint Ops LLC increased its stake in Perdoceo Education Corporation by 41.4% in Q2, acquiring 81,857 additional shares, bringing its total to 279,818 shares valued at $9.15 million. This coincides with institutional investors owning 93.46% of the company, and CEO Todd S. Nelson recently sold 40,000 shares. Perdoceo has reported strong financial results, beating quarterly estimates with $0.65 EPS and $211.9 million revenue, and issued optimistic FY2025 EPS guidance.

Perdoceo Education (PRDO) currently holds a Zacks Rank #2 (Buy) and a Value grade of A, indicating it might be undervalued. Its P/B ratio of 2.3 is favorable compared to its industry's average of 3.10, further supporting its potential as a strong value stock. The article suggests that PRDO's earnings outlook also positions it as a compelling value investment.

Cresset Asset Management LLC has acquired a new stake of 75,027 shares in Perdoceo Education Corporation (NASDAQ: PRDO), valued at approximately $2.45 million, representing about 0.12% ownership. Perdoceo Education recently surpassed Q3 earnings estimates with an EPS of $0.65 and revenue of $211.87 million, while also declaring a quarterly dividend of $0.15. Despite strong institutional ownership, insiders have recently sold a significant number of shares.

Callodine Capital Management LP increased its stake in Perdoceo Education Corporation by 31.7% in the second quarter, acquiring 152,784 additional shares to hold a total of 634,029 shares valued at $20.7 million. This makes PRDO the 17th largest position in Callodine's portfolio, representing about 2.1% of their holdings. Perdoceo Education has a consensus "Buy" rating and a $42 price target, following strong Q3 results and a $0.15 quarterly dividend declaration.