Van Berkom & Associates Inc. Invests $44.77 Million in Phoenix Education Partners, Inc. $PXED

Key Points

• Van Berkom & Associates acquired a new stake of 1,477,675 shares in Phoenix Education Partners valued at approximately $44.77 million, representing about 4.13% of the company.
• Phoenix reported stronger-than-expected quarterly results with $0.58 EPS vs. $0.34 consensus and $222.46M revenue, and declared a $0.21 quarterly dividend (2.9% yield; ex-dividend Apr 29, pay May 22).
• The stock opened at $28.72 (down 4.2%), has a market cap of about $1.03B and a P/E of 9.57, while analysts' consensus is a "Hold" with an average target price of $44.

Van Berkom & Associates Inc. acquired a new stake in shares of Phoenix Education Partners, Inc. (NYSE:PXED - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,477,675 shares of the company's stock, valued at approximately $44,774,000. Van Berkom & Associates Inc. owned 4.13% of Phoenix Education Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in Phoenix Education Partners during the fourth quarter valued at $27,000. Harbor Advisors LLC bought a new stake in Phoenix Education Partners during the fourth quarter valued at $303,000. UBS Group AG bought a new stake in Phoenix Education Partners during the fourth quarter valued at $2,618,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Phoenix Education Partners during the fourth quarter valued at $21,681,000.

Phoenix Education Partners Stock Down 4.2%

Shares of PXED stock opened at $28.72 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The business's 50-day moving average price is $29.14. Phoenix Education Partners, Inc. has a 12-month low of $23.52 and a 12-month high of $47.08. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 9.57.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.24. The firm had revenue of $222.46 million for the quarter, compared to the consensus estimate of $219.71 million. The firm's quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts expect that Phoenix Education Partners, Inc. will post 4.48 EPS for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $0.84 annualized dividend and a yield of 2.9%. Phoenix Education Partners's payout ratio is 28.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on PXED. Morgan Stanley lifted their price objective on Phoenix Education Partners from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, January 14th. BMO Capital Markets set a $39.00 price objective on Phoenix Education Partners in a research note on Wednesday, January 14th. Zacks Research lowered Phoenix Education Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. Weiss Ratings began coverage on Phoenix Education Partners in a research note on Wednesday, January 14th. They set a "sell (d+)" rating for the company. Finally, B. Riley Financial dropped their price objective on Phoenix Education Partners from $60.00 to $54.00 and set a "buy" rating for the company in a research note on Friday, January 9th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $44.00.

Phoenix Education Partners 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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