Seven Grand Managers LLC Invests $1.52 Million in Phoenix Education Partners, Inc. $PXED

Seven Grand Managers LLC purchased a new position in shares of Phoenix Education Partners, Inc. (NYSE:PXED) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $1,515,000. Seven Grand Managers LLC owned approximately 0.14% of Phoenix Education Partners at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Van Berkom & Associates Inc. acquired a new position in shares of Phoenix Education Partners during the fourth quarter worth $44,774,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Phoenix Education Partners during the fourth quarter worth $21,681,000. First Eagle Investment Management LLC acquired a new position in shares of Phoenix Education Partners during the fourth quarter worth $5,459,000. Geode Capital Management LLC acquired a new position in shares of Phoenix Education Partners during the fourth quarter worth $3,015,000. Finally, UBS Group AG acquired a new position in shares of Phoenix Education Partners during the fourth quarter worth $2,618,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PXED. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Barrington Research reissued an “outperform” rating and set a $45.00 price objective on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Finally, Zacks Research lowered shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.00.

Phoenix Education Partners Price Performance

Shares of PXED opened at $29.95 on Thursday. The stock has a market capitalization of $1.07 billion and a price-to-earnings ratio of 9.98. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. Phoenix Education Partners, Inc. has a 1-year low of $23.52 and a 1-year high of $47.08. The firm’s fifty day moving average is $29.31.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings data on Tuesday, April 7th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.24. The company had revenue of $222.46 million for the quarter, compared to analysts’ expectations of $219.71 million. Phoenix Education Partners’s revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Phoenix Education Partners, Inc. will post 4.48 EPS for the current fiscal year.

Phoenix Education Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Wednesday, April 29th were paid a $0.21 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. Phoenix Education Partners’s dividend payout ratio is presently 28.00%.

About Phoenix Education Partners

Our Mission To provide access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities. We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends.