Phoenix Education Partners (NYSE:PXED) Shares Up 3.7% – Here’s What Happened

Phoenix Education Partners, Inc. (NYSE:PXED)’s share price traded up 3.7% during mid-day trading on Tuesday . The stock traded as high as $31.33 and last traded at $31.01. 60,998 shares traded hands during trading, an increase of 3% from the average session volume of 58,964 shares. The stock had previously closed at $29.89.

Analyst Upgrades and Downgrades

PXED has been the topic of several research reports. Weiss Ratings started coverage on shares of Phoenix Education Partners in a research report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Morgan Stanley lifted their price target on Phoenix Education Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Zacks Research cut shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Barrington Research assumed coverage on shares of Phoenix Education Partners in a report on Thursday, December 4th. They set an “outperform” rating and a $45.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Phoenix Education Partners has a consensus rating of “Hold” and an average target price of $44.00.

Phoenix Education Partners Stock Performance

The firm has a 50-day moving average price of $30.26. The company has a market capitalization of $1.11 billion and a PE ratio of 12.81. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.22.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.11. The company had revenue of $262.03 million for the quarter, compared to analysts’ expectations of $257.56 million. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, January 28th. Phoenix Education Partners’s dividend payout ratio is presently 34.71%.

Institutional Trading of Phoenix Education Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Tennessee Department of Treasury bought a new position in shares of Phoenix Education Partners during the fourth quarter valued at approximately $271,000. XTX Topco Ltd purchased a new stake in shares of Phoenix Education Partners in the 4th quarter worth approximately $273,000. Wellington Management Group LLP purchased a new position in Phoenix Education Partners during the fourth quarter valued at $10,559,000. Readystate Asset Management LP bought a new stake in Phoenix Education Partners in the fourth quarter worth $662,000. Finally, Manatuck Hill Partners LLC bought a new stake in Phoenix Education Partners in the fourth quarter worth $1,364,000.

Phoenix Education Partners Company Profile

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.