Phoenix Education Partners (NYSE:PXED) Shares Down 5.5% – What’s Next?

Phoenix Education Partners, Inc. (NYSE:PXED) shares were down 5.5% during trading on Tuesday. The company traded as low as $24.64 and last traded at $24.5860. Approximately 1,071 shares changed hands during trading, a decline of 99% from the average session volume of 102,321 shares. The stock had previously closed at $26.01.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings lowered Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Morgan Stanley restated an “overweight” rating and issued a $40.00 price objective on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Jefferies Financial Group raised Phoenix Education Partners to a “strong-buy” rating in a research report on Wednesday, September 23rd. Zacks Research raised Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, B. Riley Financial lowered their target price on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Phoenix Education Partners Price Performance

The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $27.27 and a 200 day moving average price of $29.31. The stock has a market cap of $868.16 million and a PE ratio of 11.20.

Phoenix Education Partners (NYSE:PXED) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. The company had revenue of $271.80 million during the quarter. As a group, research analysts forecast that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Phoenix Education Partners

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Phoenix Education Partners in the second quarter worth about $12,620,000. Wellington Management Group LLP lifted its stake in shares of Phoenix Education Partners by 48.3% during the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock valued at $24,411,000 after buying an additional 241,997 shares in the last quarter. Heartland Advisors Inc. bought a new position in Phoenix Education Partners in the 2nd quarter worth approximately $2,398,000. Bastion Asset Management Inc. bought a new position in Phoenix Education Partners in the 1st quarter worth approximately $2,085,000. Finally, Manatuck Hill Partners LLC bought a new position in Phoenix Education Partners in the 4th quarter worth approximately $1,364,000.

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.