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PRDO Perdoceo Education

Perdoceo Education Corporation offers a quality postsecondary education primarily online to a diverse student population, along with campus-based and blended learning programs. The Company's accredited institutions - Colorado Technical University ('CTU') and the American InterContinental University System ('AIU') - provide degree programs through the master's or doctoral level as well as associate and bachelor's levels. Perdoceo's universities offer students industry-relevant and career-focused degree programs that are designed to meet the educational needs of today's busy adults. CTU and AIU continue to show innovation in higher education, advancing personalized learning technologies like their intellipath® learning platform and using data analytics and technology to support students and enhance learning. Perdoceo is committed to providing quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce.

Company profile

Ticker
PRDO
Exchange
CEO
Todd Nelson
Employees
Incorporated
Location
Fiscal year end
Former names
CAREER EDUCATION CORP
SEC CIK
IRS number
363932190

PRDO stock data

(
)

Calendar

6 May 21
4 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 90.03M 90.03M 90.03M 90.03M 90.03M 90.03M
Cash burn (monthly) 6.55M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 27.1M n/a n/a n/a n/a n/a
Cash remaining 62.93M n/a n/a n/a n/a n/a
Runway (months of cash) 9.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 21 Michele A Peppers Common Stock Sell Dispose S No Yes 13 8,197 106.56K 70,809
3 Jun 21 Chookaszian Dennis Common Stock Grant Aquire A No No 0 8,348 0 30,502
3 Jun 21 Gonzales Kenda B Common Stock Grant Aquire A No No 0 8,348 0 15,883
3 Jun 21 Gross Patrick W Common Stock Grant Aquire A No No 0 8,348 0 33,902
3 Jun 21 Jackson Gregory L. Common Stock Grant Aquire A No No 0 8,348 0 35,511

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

89.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 193 169 +14.2%
Opened positions 41 22 +86.4%
Closed positions 17 38 -55.3%
Increased positions 67 56 +19.6%
Reduced positions 64 67 -4.5%
13F shares
Current Prev Q Change
Total value 750.71M 789.61M -4.9%
Total shares 62.76M 62.52M +0.4%
Total puts 362.91K 33.6K +980.1%
Total calls 330.7K 80.6K +310.3%
Total put/call ratio 1.1 0.4 +163.2%
Largest owners
Shares Value Change
BLK Blackrock 11.32M $135.39M +6.0%
Renaissance Technologies 5.26M $62.94M -2.4%
Vanguard 5.15M $61.59M +2.4%
FMR 3.53M $42.22M -12.3%
TROW T. Rowe Price 3.31M $39.62M +32.7%
Dimensional Fund Advisors 3.09M $37.09M -5.4%
Frontier Capital Management 2.56M $30.65M -13.1%
STT State Street 2.37M $28.39M +12.1%
Fuller & Thaler Asset Management 2.24M $26.75M +0.4%
D. E. Shaw & Co. 1.46M $17.46M -4.4%
Largest transactions
Shares Bought/sold Change
TROW T. Rowe Price 3.31M +815.69K +32.7%
BLK Blackrock 11.32M +638.56K +6.0%
RY Royal Bank Of Canada 42.96K -598.57K -93.3%
FMR 3.53M -495.4K -12.3%
Frontier Capital Management 2.56M -386.65K -13.1%
Marshall Wace 197.74K -282.91K -58.9%
Arrowstreet Capital, Limited Partnership 983.76K -273.85K -21.8%
New York State Common Retirement Fund 61.8K -271.4K -81.5%
JPM JPMorgan Chase & Co. 593.51K +265.15K +80.8%
Clifford Capital Partners 136.45K -262.21K -65.8%

Financial report summary

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Management Discussion
  • Our financial results for the first quarter ended March 31, 2021 (“current quarter”) reflected improvements in revenue and operating income as compared to the prior year quarter. Additionally, total student enrollments improved as compared to the prior year
  • quarter end. The financial results include the Trident acquisition commencing on the March 2, 2020 date of acquisition and therefore the quarter ended March 31, 2020 reflects one month of financial results for Trident as compared to a full quarter of results for Trident for the current quarter. During the current quarter we continued to make targeted investments within our student support processes as well as other initiatives.
  • Total student enrollments increased 9.7% as of March 31, 2021 as compared to March 31, 2020, with CTU increasing by 12.8% and AIU increasing by 5.0%. We believe our investments in technology and student-serving functions have positively contributed to student experiences and student learning. Both CTU and AIU have continued to increase their student-serving staff and leverage data analytics and technology to enhance the effectiveness of their services to students. Additionally, CTU’s academic calendar redesign positively impacted the total student enrollments as of March 31, 2021 due to a session start date on March 30th this year as compared to a session start date that was in April in the prior year.
Content analysis
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Readability
H.S. junior Avg
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