Curated Wealth Partners LLC acquired a new position in shares of Phoenix Education Partners, Inc. (NYSE:PXED – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 65,004 shares of the company’s stock, valued at approximately $1,653,000.
Several other hedge funds have also recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Phoenix Education Partners in the 2nd quarter valued at $26,000. Legal & General Group Plc purchased a new stake in Phoenix Education Partners in the 2nd quarter worth approximately $64,000. State of Wyoming purchased a new position in shares of Phoenix Education Partners during the 2nd quarter valued at approximately $78,000. Walleye Capital LLC increased its holdings in Phoenix Education Partners by 23.7% in the first 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Phoenix Education Partners by 55.1% in the first quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company’s stock worth $345,000 after acquiring an additional 3,898 shares during the period.
Analyst Ratings Changes
PXED has been the subject of several recent analyst reports. Jefferies Financial Group raised Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Zacks Research raised Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. BMO Capital Markets decreased their target price on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, October 5th. B. Riley Financial reduced their price target on shares of 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. Finally, Morgan Stanley decreased their target price on Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.
Check Out Our Latest Stock Analysis on PXED
Insider Activity
In related news, insider John Terrence Woods sold 19,453 shares of Phoenix Education Partners stock in a transaction dated Friday, October 9th. The stock was 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 of the company’s stock, valued at approximately $1,622,836.98. This trade represents a 23.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. 5.00% of the stock is owned by company insiders.
Phoenix Education Partners Price Performance
Shares of PXED stock traded up $0.65 during mid-day trading on Thursday, hitting $24.43. 29,444 shares of the stock traded hands, compared to its average volume of 101,964. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. The firm has a market cap of $880.81 million and a price-to-earnings ratio of 11.37. The company’s 50-day simple moving average is $27.04 and its 200-day simple moving average is $29.20. Phoenix Education Partners, Inc. has a twelve month low of $23.52 and a twelve month high of $38.19.
Phoenix Education Partners (NYSE:PXED – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The company had revenue of $271.80 million for the quarter. As a group, equities research analysts expect that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current year.
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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