Phoenix Education Partners (NYSE:PXED – Get Free Report) had its price target dropped by B. Riley Financial from $51.00 to $44.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s price target would indicate a potential upside of 79.67% from the stock’s previous close.
A number of other analysts have also commented on the stock. Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Weiss Ratings lowered shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research upgraded shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. BMO Capital Markets reduced their price target on shares of Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Finally, Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Phoenix Education Partners currently has a consensus rating of “Moderate Buy” and an average price target of $39.20.
View Our Latest Stock Analysis on Phoenix Education Partners
Phoenix Education Partners Trading Down 1.0%
Shares of PXED opened at $24.49 on Wednesday. The business’s 50-day moving average price is $26.40 and its 200 day moving average price is $29.03. The stock has a market capitalization of $882.79 million and a P/E ratio of 11.39. Phoenix Education Partners has a 1-year low of $23.42 and a 1-year high of $37.66.
Insider Buying and Selling
In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $25.89, for a total value of $503,638.17. Following the transaction, the insider owned 62,682 shares in the company, valued at approximately $1,622,836.98. This represents a 23.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. In the last three months, insiders sold 20,703 shares of company stock worth $534,904. Company insiders own 5.00% of the company’s stock.
Hedge Funds Weigh In On Phoenix Education Partners
A number of hedge funds have recently modified their holdings of PXED. Public Employees Retirement System of Ohio purchased a new stake in shares of Phoenix Education Partners during the second quarter worth $26,000. Legal & General Group Plc acquired a new stake in Phoenix Education Partners during the second quarter valued at $64,000. State of Alaska Department of Revenue purchased a new position in Phoenix Education Partners in the third quarter valued at about $51,000. State of Wyoming purchased a new stake in shares of Phoenix Education Partners during the 2nd quarter worth about $78,000. Finally, Walleye Capital LLC lifted its holdings in shares of Phoenix Education Partners by 23.7% during the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock valued at $508,000 after buying an additional 3,097 shares during the last quarter.
About Phoenix Education Partners
Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.
The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.
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