First Trust Advisors Reduces Stake in Perdoceo Education

Institutional investor sells over 150,000 shares of the for-profit education company

Mar. 10, 2026 at 9:05am

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First Trust Advisors LP, an institutional investor, reduced its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 5.5% during the 3rd quarter, according to a recent 13F filing. The firm now owns 2,626,971 shares of the company's stock, worth approximately $98.9 million.

Why it matters

Perdoceo Education, which operates the Colorado Technical University and American InterContinental University brands, is a major player in the for-profit education sector. Changes in ownership by large institutional investors can signal shifts in market sentiment and future performance of the company's stock.

The details

According to the 13F filing, First Trust Advisors sold 152,292 shares of Perdoceo Education during the 3rd quarter. The firm now owns approximately 4.08% of the company's outstanding shares. Perdoceo Education's stock price has fluctuated over the past year, trading between a 52-week low of $23.87 and a high of $38.02.

  • First Trust Advisors reduced its Perdoceo Education holdings during the 3rd quarter of 2026.

The players

First Trust Advisors LP

An institutional investment management firm that reduced its stake in Perdoceo Education Corporation.

Perdoceo Education Corporation

A for-profit postsecondary education provider that operates the Colorado Technical University and American InterContinental University brands.

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The takeaway

The reduction in First Trust Advisors' Perdoceo Education holdings could signal potential concerns about the company's future performance or a shift in the firm's investment strategy. However, Perdoceo Education remains a major player in the for-profit education sector, and changes in institutional ownership are common as investors adjust their portfolios.