Phoenix Education Partners (NYSE:PXED) Hits New 52-Week Low – Time to Sell?

Phoenix Education Partners, Inc. (NYSE:PXED)’s stock price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $19.32 and last traded at $19.3250, with a volume of 64,045 shares trading hands. The stock had previously closed at $19.59.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PXED. B. Riley Financial lowered Phoenix Education Partners from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $25.00 in a research report on Wednesday, November 4th. Morgan Stanley lowered shares of Phoenix Education Partners from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a research note on Wednesday, November 4th. BMO Capital Markets decreased 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 report on Monday, October 5th. Truist Financial dropped their target price on shares of Phoenix Education Partners from $38.00 to $23.00 and set a “hold” rating on the stock in a research note on Wednesday, November 4th. Finally, Weiss Ratings cut shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.67.

Phoenix Education Partners Stock Down 2.0%

The company has a fifty day simple moving average of $25.53 and a 200-day simple moving average of $28.70. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. The firm has a market cap of $703.83 million and a P/E ratio of 8.36.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. The company had revenue of $260.68 million during the quarter. Phoenix Education Partners had a return on equity of 55.76% and a net margin of 8.74%. On average, equities analysts anticipate that Phoenix Education Partners, Inc. will post 3.76 earnings per share for the current year.

Phoenix Education Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.23 per share. This is an increase from Phoenix Education Partners’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 13th. Phoenix Education Partners’s payout ratio is presently 40.17%.

Insiders Place Their Bets

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 stock was sold at an average price of $25.89, for a total value of $503,638.17. Following the completion of the transaction, the insider directly owned 62,682 shares in the company, valued at $1,622,836.98. This represents a 23.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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. Over the last ninety days, insiders have sold 20,703 shares of company stock valued at $534,904. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Phoenix Education Partners

A number of hedge funds have recently bought and sold shares of PXED. Public Employees Retirement System of Ohio purchased a new position in Phoenix Education Partners in the second quarter worth about $26,000. Legal & General Group Plc purchased a new stake in Phoenix Education Partners during the second quarter valued at approximately $64,000. State of Alaska Department of Revenue purchased a new stake in Phoenix Education Partners during the third quarter valued at approximately $51,000. State of Wyoming bought a new stake in shares of Phoenix Education Partners in the 2nd quarter valued at approximately $78,000. Finally, Walleye Capital LLC lifted its stake in shares of Phoenix Education Partners by 23.7% in the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock valued at $508,000 after purchasing an additional 3,097 shares during the last quarter.

Phoenix Education Partners Company Profile

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.