Phoenix Education Partners, Inc. (NYSE:PXED – Get Free Report) insider John Terrence Woods sold 19,453 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $25.89, for a total transaction of $503,638.17. Following the transaction, the insider directly owned 62,682 shares in the company, valued at $1,622,836.98. The trade was a 23.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Terrence Woods also recently made the following trade(s):
- On Monday, October 12th, John Terrence Woods sold 850 shares of Phoenix Education Partners stock. The shares were sold at an average price of $25.00, for a total value of $21,250.00.
Phoenix Education Partners Stock Down 0.9%
Phoenix Education Partners stock traded down $0.21 during midday trading on Tuesday, hitting $24.14. The stock had a trading volume of 86,805 shares, compared to its average volume of 102,242. The business has a fifty day moving average price of $27.27 and a 200 day moving average price of $29.31. Phoenix Education Partners, Inc. has a 12 month low of $23.52 and a 12 month high of $38.19. The stock has a market cap of $870.28 million and a P/E ratio of 11.23. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17.
Hedge Funds Weigh In On Phoenix Education Partners
Several institutional investors have recently made changes to their positions in PXED. BlackRock Inc. acquired a new stake in shares of Phoenix Education Partners during the 2nd quarter worth approximately $12,620,000. Wellington Management Group LLP lifted its holdings in shares of Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock worth $24,411,000 after purchasing an additional 241,997 shares during the last quarter. Heartland Advisors Inc. bought a new stake in shares of Phoenix Education Partners in the 2nd quarter worth approximately $2,398,000. Bastion Asset Management Inc. acquired a new position in Phoenix Education Partners during the 1st quarter valued at approximately $2,085,000. Finally, Manatuck Hill Partners LLC acquired a new position in Phoenix Education Partners during the 4th quarter valued at approximately $1,364,000.
Analysts Set New Price Targets
Several research firms recently issued reports on PXED. B. Riley Financial dropped their price target on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Morgan Stanley decreased their price objective on shares of Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday. BMO Capital Markets lowered their target price on shares of Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Weiss Ratings cut shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.
Check Out Our Latest Research Report on Phoenix Education Partners
Phoenix Education Partners Company Profile
Phoenix Education Partners, Inc (NYSE: PXED) is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.
Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.
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