Phoenix Education Partners (NYSE:PXED) Insider Sells 19,453 Shares of Stock

Key Points

• Insider John Terrence Woods sold 19,453 Phoenix Education Partners shares for approximately $503,638 at an average price of $25.89, reducing his direct holdings by 23.68%. The sale was conducted under a Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• Phoenix Education Partners shares fell 0.9% to $24.14, near the lower end of their 52-week range. The company has an $870.28 million market capitalization and reported quarterly EPS of $1.43, exceeding the $1.28 analyst consensus.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating and an average price target of $40.60, despite recent rating changes ranging from Strong Buy to Sell.

Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) insider John Terrence Woods sold 19,453 shares of the company's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $25.89, for a total value of $503,638.17. Following the completion of the sale, the insider directly owned 62,682 shares of the company's stock, valued at $1,622,836.98. The trade was a 23.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

John Terrence Woods also recently made the following trade(s):

• On Monday, October 12th, John Terrence Woods sold 850 shares of Phoenix Education Partners stock. The shares were sold at an average price of $25.00, for a total value of $21,250.00.

Phoenix Education Partners Stock Down 0.9%

Shares of NYSE:PXED traded down $0.21 during mid-day trading on Tuesday, hitting $24.14. 86,805 shares of the company traded hands, compared to its average volume of 102,242. The firm has a market cap of $870.28 million and a P/E ratio of 11.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. Phoenix Education Partners, Inc. has a 52-week low of $23.52 and a 52-week high of $38.19. The firm's 50 day simple moving average is $27.27 and its 200 day simple moving average is $29.31.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.28 by $0.15. The firm had revenue of $271.80 million for the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. On average, equities analysts anticipate that Phoenix Education Partners, Inc. will post 4.46 EPS for the current year.

Institutional Investors Weigh In On Phoenix Education Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Phoenix Education Partners during the second quarter worth approximately $26,000. Legal & General Group Plc acquired a new stake in Phoenix Education Partners in the second quarter valued at $64,000. State of Wyoming acquired a new stake in Phoenix Education Partners in the second quarter valued at $78,000. Walleye Capital LLC boosted its stake in Phoenix Education Partners by 23.7% during the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company's stock valued at $508,000 after acquiring an additional 3,097 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Phoenix Education Partners by 55.1% during the 1st quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company's stock valued at $345,000 after acquiring an additional 3,898 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research raised 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 shares of Phoenix Education Partners to a "strong-buy" rating in a research note on Wednesday, September 23rd. Morgan Stanley dropped their price target on shares of Phoenix Education Partners from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wall Street Zen lowered shares of Phoenix Education Partners from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings cut shares of Phoenix Education Partners from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned 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 an average target price of $40.60.

Phoenix Education Partners Company Profile

Phoenix Education Partners, Inc NYSE: PXED is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.

Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.

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