Manatuck Hill Partners LLC purchased a new position in shares of Phoenix Education Partners, Inc. (NYSE:PXED – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $1,364,000.
Several other large investors also recently bought and sold shares of PXED. Massachusetts Financial Services Co. MA purchased a new stake in Phoenix Education Partners during the 4th quarter worth about $21,681,000. UBS Group AG purchased a new stake in Phoenix Education Partners during the 4th quarter worth about $2,618,000. Harbor Advisors LLC purchased a new stake in Phoenix Education Partners during the 4th quarter worth about $303,000. Strs Ohio purchased a new stake in Phoenix Education Partners during the 4th quarter worth about $27,000. Finally, Van Berkom & Associates Inc. purchased a new stake in Phoenix Education Partners during the 4th quarter worth about $44,774,000.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.00.
Phoenix Education Partners Trading Down 2.1%
PXED opened at $29.93 on Thursday. Phoenix Education Partners, Inc. has a one year low of $23.52 and a one year high of $47.08. The company has a market cap of $1.07 billion and a P/E ratio of 9.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The business’s 50-day simple moving average is $29.53 and its 200-day simple moving average is $30.28.
Phoenix Education Partners (NYSE:PXED – Get Free Report) last released its quarterly earnings data on Tuesday, April 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.24. The business had revenue of $222.46 million during the quarter, compared to analysts’ expectations of $219.71 million. The company’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities research analysts expect that Phoenix Education Partners, Inc. will post 4.48 EPS for the current fiscal year.
Phoenix Education Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Wednesday, April 29th were issued a $0.21 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. Phoenix Education Partners’s dividend payout ratio is presently 28.00%.
About Phoenix Education Partners
Our Mission To provide access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities. We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends.
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