73,005 Shares in Phoenix Education Partners, Inc. $PXED Purchased by Heartland Advisors Inc.

Key Points

• Heartland Advisors purchased 73,005 shares of Phoenix Education Partners, worth approximately $2.4 million, representing about 0.20% of the company. Several other institutional investors also recently initiated positions.
• Phoenix Education Partners reported quarterly EPS of $1.43, beating the $1.28 consensus estimate, on revenue of $271.8 million. The company maintains a quarterly dividend of $0.21 per share, yielding approximately 3.0% annually.
• PXED shares opened at $28.27, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $41.60, despite some recent target-price reductions and downgrades.

Heartland Advisors Inc. purchased a new stake in Phoenix Education Partners, Inc. (NYSE:PXED - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 73,005 shares of the company's stock, valued at approximately $2,398,000. Heartland Advisors Inc. owned approximately 0.20% of Phoenix Education Partners as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Phoenix Education Partners in the 4th quarter worth approximately $27,000. Police & Firemen s Retirement System of New Jersey bought a new position in Phoenix Education Partners in the 4th quarter valued at $40,000. State of Wyoming acquired a new position in Phoenix Education Partners in the second quarter worth $78,000. Deutsche Bank AG bought a new stake in shares of Phoenix Education Partners during the fourth quarter worth $89,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Phoenix Education Partners in the fourth quarter valued at $92,000.

Phoenix Education Partners Stock Performance

Shares of PXED opened at $28.27 on Friday. The firm has a market cap of $1.02 billion and a P/E ratio of 13.15. Phoenix Education Partners, Inc. has a twelve month low of $23.52 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. The firm's 50 day moving average price is $30.43 and its two-hundred day moving average price is $29.76.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The company had revenue of $271.80 million for the quarter. On average, analysts forecast that Phoenix Education Partners, Inc. will post 4.46 EPS for the current fiscal year.

Phoenix Education Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were paid a $0.21 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $0.84 annualized dividend and a yield of 3.0%. Phoenix Education Partners's payout ratio is 39.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $40.00 target price on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Phoenix Education Partners from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 14th. B. Riley Financial lowered their price target on shares of Phoenix Education Partners from $54.00 to $51.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Wall Street Zen downgraded Phoenix Education Partners from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, BMO Capital Markets decreased their price objective on Phoenix Education Partners from $39.00 to $36.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.60.

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.

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