Alyeska Investment Group L.P. reduced its stake in shares of Phoenix Education Partners, Inc. (NYSE:PXED - Free Report) by 76.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,696 shares of the company's stock after selling 185,859 shares during the period. Alyeska Investment Group L.P. owned approximately 0.16% of Phoenix Education Partners worth $1,895,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in PXED. Van Berkom & Associates Inc. acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $44,774,000. Bastion Asset Management Inc. acquired a new position in shares of Phoenix Education Partners in the first quarter valued at about $2,085,000. Heartland Advisors Inc. purchased a new position in shares of Phoenix Education Partners in the second quarter worth about $2,398,000. UBS Group AG purchased a new position in shares of Phoenix Education Partners in the fourth quarter worth about $2,618,000. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Phoenix Education Partners during the fourth quarter worth about $5,459,000.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. B. Riley Financial dropped their target price on Phoenix Education Partners from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Barrington Research restated an "outperform" rating and set a $45.00 price objective on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Weiss Ratings raised shares of Phoenix Education Partners from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 14th. BMO Capital Markets cut their price objective on shares of Phoenix Education Partners from $39.00 to $36.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 15th. Finally, Wall Street Zen cut shares of Phoenix Education Partners from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Phoenix Education Partners currently has an average rating of "Moderate Buy" and a consensus price target of $41.60.
Get Our Latest Analysis on Phoenix Education Partners
Phoenix Education Partners Trading Up 0.1%
Shares of NYSE:PXED opened at $29.14 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. Phoenix Education Partners, Inc. has a 12-month low of $23.52 and a 12-month high of $47.08. The business has a 50 day moving average of $30.22 and a two-hundred day moving average of $29.77. The company has a market capitalization of $1.05 billion and a PE ratio of 13.55.
Phoenix Education Partners (NYSE:PXED - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.15. The business had revenue of $271.80 million for the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. As a group, analysts forecast that Phoenix Education Partners, Inc. will post 4.46 EPS for the current year.
Phoenix Education Partners Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. Phoenix Education Partners's dividend payout ratio is currently 39.07%.
Phoenix Education Partners Company Profile
(
Free Report)
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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