Phoenix Education Partners (NYSE:PXED) Stock Price Target Lowered at B. Riley Financial

Key Points

• B. Riley Financial lowered Phoenix Education Partners’ price target from $51 to $44 while maintaining a “buy” rating, implying approximately 79.7% upside from the stock’s $24.49 price.
• Analyst sentiment remains mixed but leans positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $39.20.
• Phoenix Education Partners shares have declined 1.0%, trading near the lower end of their 52-week range, while institutional investors including Wellington Management and BlackRock have recently increased or initiated positions.

Phoenix Education Partners (NYSE:PXED - Get Free Report) had its target price dropped by equities researchers at B. Riley Financial from $51.00 to $44.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. B. Riley Financial's price objective would suggest a potential upside of 79.67% from the company's current price.

Several other research analysts have also recently commented on the stock. Zacks Research upgraded shares of Phoenix Education Partners from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 1st. Jefferies Financial Group raised Phoenix Education Partners to a "strong-buy" rating in a report on Wednesday, September 23rd. Weiss Ratings downgraded Phoenix Education Partners from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Morgan Stanley decreased their price objective on Phoenix Education Partners from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Finally, BMO Capital Markets lowered their target price on Phoenix Education Partners from $36.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.20.

Phoenix Education Partners Stock Down 1.0%

Shares of NYSE:PXED opened at $24.49 on Wednesday. The company has a market cap of $882.79 million and a PE ratio of 11.39. The company's 50-day moving average price is $26.40 and its 200 day moving average price is $29.03. Phoenix Education Partners has a fifty-two week low of $23.42 and a fifty-two week high of $37.66.

Insider Buying and Selling

In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $25.89, for a total transaction of $503,638.17. Following the completion of the transaction, the insider directly 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. Insiders sold a total of 20,703 shares of company stock worth $534,904 over the last quarter. 5.00% of the stock is owned by insiders.

Institutional Trading of Phoenix Education Partners

Several institutional investors have recently modified their holdings of PXED. Wellington Management Group LLP raised its holdings in shares of Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company's stock worth $24,411,000 after purchasing an additional 241,997 shares in the last quarter. BlackRock Inc. acquired a new stake in Phoenix Education Partners during the second quarter valued at approximately $12,620,000. Bastion Asset Management Inc. bought a new stake in Phoenix Education Partners during the first quarter worth approximately $2,085,000. Heartland Advisors Inc. bought a new stake in Phoenix Education Partners during the second quarter worth approximately $2,398,000. Finally, PDT Partners LLC bought a new stake in Phoenix Education Partners during the second quarter worth approximately $956,000.

About Phoenix Education Partners

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.

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