Wellington Management Group LLP Boosts Stake in Phoenix Education Partners, Inc. $PXED

Key Points

• Wellington Management increased its Phoenix Education Partners stake by 48.3% in the second quarter, purchasing 241,997 additional shares and bringing its holdings to 743,112 shares, worth approximately $24.4 million.
• Phoenix Education Partners reported quarterly earnings of $1.43 per share, exceeding the $1.28 consensus estimate, on revenue of $271.8 million. The company also maintains a quarterly dividend of $0.21 per share, equivalent to a 2.9% yield.
• Analyst sentiment is mixed: the stock has an overall “Hold” rating and a consensus price target of $41.60, compared with its reported share price of $28.78.

Wellington Management Group LLP increased its holdings in shares of Phoenix Education Partners, Inc. (NYSE:PXED - Free Report) by 48.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 743,112 shares of the company's stock after purchasing an additional 241,997 shares during the quarter. Wellington Management Group LLP owned 2.06% of Phoenix Education Partners worth $24,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Phoenix Education Partners in the 2nd quarter worth about $12,620,000. Alyeska Investment Group L.P. purchased a new stake in shares of Phoenix Education Partners during the 4th quarter valued at about $7,989,000. FIL Ltd bought a new stake in shares of Phoenix Education Partners in the fourth quarter worth approximately $7,575,000. Loomis Sayles & Co. L P bought a new stake in shares of Phoenix Education Partners in the fourth quarter worth approximately $7,191,000. Finally, Marshall Wace LLP purchased a new position in shares of Phoenix Education Partners during the fourth quarter valued at approximately $6,130,000.

Phoenix Education Partners Stock Performance

Shares of NYSE PXED opened at $28.78 on Friday. Phoenix Education Partners, Inc. has a 12-month low of $23.52 and a 12-month high of $47.08. The firm has a market capitalization of $1.04 billion and a price-to-earnings ratio of 13.39. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $30.10 and a 200 day moving average of $29.79.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $271.80 million for the quarter. On average, research analysts anticipate that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current year.

Phoenix Education Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Wednesday, July 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 29th. Phoenix Education Partners's dividend payout ratio (DPR) is currently 39.07%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PXED shares. Morgan Stanley restated an "overweight" rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. BMO Capital Markets decreased their target price on shares of Phoenix Education Partners from $39.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, July 15th. Zacks Research cut Phoenix Education Partners from a "hold" rating to a "strong sell" rating in a report on Wednesday. Wall Street Zen lowered Phoenix Education Partners from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded Phoenix Education Partners from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 14th. Four equities 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $41.60.

About Phoenix Education Partners

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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