PRDO or LOPE: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Schools sector have probably already heard of Perdoceo Education (PRDO) and Grand Canyon Education (LOPE). But which of these two stocks is more attractive to value investors?
Are Investors Undervaluing Perdoceo Education (PRDO) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Perdoceo Education (PRDO) is on the Move, Here's Why the Trend Could be Sustainable
Perdoceo Education (PRDO) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Amalgamated Bank
Amalgamated Bank decreased its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO – Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,101 shares of the company’s stock after selling 721 shares during the period. Amalgamated Bank’s holdings in Perdoceo Education were worth $441,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new stake in shares of Perdoceo Education in the fourth quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Perdoceo Education in the fourth quarter worth $26,000. Commons Capital LLC acquired a new stake in shares of Perdoceo Education in the fourth quarter worth $193,000. Fox Run Management L.L.C. acquired a new stake in shares of Perdoceo Education in the third quarter worth $208,000. Finally, Diversified Trust Co acquired a new stake in shares of Perdoceo Education in the fourth quarter worth $231,000. Institutional investors and hedge funds own 93.46% of the company’s stock. Wall Street Analysts Forecast Growth PRDO has been the subject of several recent research reports. Barrington Research increased their price objective on shares of Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. Get Our Latest Analysis on Perdoceo Education Insider Transactions at Perdoceo Education In other news, CFO Ashish R. Ghia sold 11,412 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now directly owns 226,234 shares in the company, valued at approximately $4,298,446. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares in the company, valued at approximately $4,298,446. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $17.65, for a total transaction of $282,400.00. Following the completion of the sale, the chief executive officer now owns 681,367 shares in the company, valued at $12,026,127.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,412 shares of company stock worth $1,342,428. 1.81% of the stock is currently owned by insiders. Perdoceo Education Price Performance NASDAQ PRDO opened at $23.50 on Monday. Perdoceo Education Co. has a 12 month low of $11.62 and a 12 month high of $24.66. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.71 and a beta of 0.93. The company’s fifty day moving average price is $19.16 and its two-hundred day moving average price is $18.16. Perdoceo Education (NASDAQ:PRDO – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.09%. The company had revenue of $168.30 million for the quarter, compared to the consensus estimate of $163.30 million. During the same period last year, the firm posted $0.58 EPS. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. As a group, analysts anticipate that Perdoceo Education Co. will post 2.21 EPS for the current year. Perdoceo Education Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be given a $0.11 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.87%. Perdoceo Education’s payout ratio is currently 19.38%. Perdoceo Education Company Profile (Free Report) 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.
PRDO or LOPE: Which Is the Better Value Stock Right Now?
Investors with an interest in Schools stocks have likely encountered both Perdoceo Education (PRDO) and Grand Canyon Education (LOPE). But which of these two stocks offers value investors a better bang for their buck right now?
