We recently released a list 10 small stocks of Rentech by billionaire Jim Simons, with huge upward potential. In this article, we will explore the small-cap stock picks of Perdoceo Education Corporation (NASDAQ:PRDO) with other billionaire Jim Simons’ Rentech, with huge upside potential.
Jim Simons (even after his death in May 2024) is one of the most well-known (if not the biggest) people in the hedge fund space. He was a talented mathematician who had a successful career in academia and then raised a bold hub in the late 1970s.
In 1978, he founded Monemetrics (a currency trading company) and Limroy (a hedge fund), which collapsed into an entity in 1982 and renamed Renaissance Technology Company. The entity has a primary goal: to use quantitative, computer-driven models to take advantage of market inefficiencies. In other words, Simmons and his team are committed to making investment decisions based on complex algorithms.
Renaissance technology (Rentech) was originally used as a hedge fund, but later became something bigger. Now, this is an investment management company that runs multiple hedge funds. Its flagship product is the Medal Fund. Medal Funds are known for their remarkable returns. During the Dot.com crash (early 2000s) and the financial crisis (2007-2011), the medal returns were 56.6% and 74.6%, respectively. After the first two years of operation, the minimum annual rate of return was 31.5%.
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Medal Foundation's track record in the market and through RealtenCh's, Simons made a lot of money. After his death, he was worth $31.4 billion, among the top 100 richest people in the world. And, as Simons often says, all his success in the market depends on his love for mathematics. Souvenir Funds are therefore able to earn extraordinary returns, mainly because of the investment team led by Simons - Leveraged Mathematics.
The fund uses algorithm-based methods to identify patterns and invest using past data. That's why Rentech invests (and will continue to invest billions of dollars, and from intellectuals and professionals in fields such as mathematics, computer science, and physics. In his last interview, he said: "We hired statisticians, physicists, astronomers, mathematicians - and what's important is that they're smart."
Jim Simons is a talent passed down from generation to generation when it comes to investment. He started an investment business and led to heights that others could only dream of. And because his estate lives in Rentech, it makes sense to wonder about the company they invest in.
We filtered the 'Q4 2024 SEC 13F file for Renaissance Technology to compile this list. We focus only on the stocks of the company and exclude the interests of ETFs and options. We then picked stocks with a market value of $10 billion or less. From the results, we ranked the stocks based on the analyst's price targets and selected the top 10 companies with the highest upward potential (as of April 30).
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
A student interacts with professors in an online learning environment.
Renaissance Technology's equity value: $113,229,501
Upward potential as of May 1 to May 1
Market value as of May 1: US$1.64 billion
Number of hedge fund holders: 27
Perdoceo Education Corporation (NASDAQ:PRDO) is a for-profit postgraduate education provider in the United States. The company offers career-oriented degree programs through three major institutions: St. Augustine University Health Sciences University, Colorado Technical University, and the Intercontinental University System. It targets students seeking higher education, with its ultimate market primarily in the U.S. education sector.
Perdoceo Education Company (NASDAQ:PRDO) quarterly revenue increased 19.3% to $176.4 million in the fourth quarter of 2024 compared to the previous year. Operating income soared 133.2% to $37.2 million, while adjusted operating income rose 122.9% to $43.2 million. The company's growth has been based on impressive enrollment growth. In the fiscal year 2024, total enrollment of students increased by 20.0% to 41,400 students. This includes the addition of the newly acquired 3,800 students at the University of Health Sciences at St. Augustine.
Looking ahead, the managers of Perdoceo Education Corporation (NASDAQ:PRDO) are optimistic about management in 2025. They adjusted their adjusted earnings per share to between $2.31 and $2.51, a potential increase from $2.29 recorded in 2024. According to CEO Todd Nelson, the company's anticipated students are not conducive to student interests, student interests, student retirement, student interactions with students.
He commented: “This huge momentum has enabled us to perform well in mid-2025, while our faculty and student support team continues to prioritize improving students’ experience, retention and academic outcomes.”
On April 26, 2025, Barrington Research analysts reiterated its outperforming market rating in Perdoceo (NASDAQ:PRDO) stock with a target price of $35.00. This shows that as of May 1, there is a potential upside of nearly 40% for the current level.
Overall, PRDO Ranked eighth There is huge upside potential in the small-cap stock draft of our billionaire Jim Simons. Although we acknowledge the potential of PRDO as an investment, our belief is that AI stocks provide higher returns in a shorter time frame and make greater hope during this period. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for more promising AI stocks than PRDO, but trade less than 5 times the earnings, check out our report The cheapest AI stock.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Internal monkey.