Phoenix Education Partners, Inc.'s (NYSE:PXED) Lock-Up Period To End on April 7th

Key Points

• Lock-up period expires on April 7, freeing insiders and major shareholders to trade the 4,250,000 IPO shares issued on Oct. 9 (offering size $136M at $32/share).
• Analysts are mixed—three Buy, two Hold, one Sell—with a MarketBeat average rating of "Hold" and an average target price of $44, versus the recent share price near $31.37.
• Phoenix beat quarterly estimates (EPS $1.38 vs $1.27; revenue $262.0M) and pays a $0.21 quarterly dividend (annualized yield ~2.7%, payout ratio ~34.7%).

Phoenix Education Partners' (NYSE:PXED - Get Free Report) lock-up period is set to expire on Tuesday, April 7th. Phoenix Education Partners had issued 4,250,000 shares in its IPO on October 9th. The total size of the offering was $136,000,000 based on an initial share price of $32.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. B. Riley Financial decreased their target price on shares of Phoenix Education Partners from $60.00 to $54.00 and set a "buy" rating on the stock in a research report on Friday, January 9th. Barrington Research reiterated an "outperform" rating and issued a $45.00 price target on shares of Phoenix Education Partners in a research report on Wednesday, March 25th. Wall Street Zen cut Phoenix Education Partners from a "buy" rating to a "hold" rating in a research note on Sunday, January 11th. Morgan Stanley upped their price objective on Phoenix Education Partners from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Wednesday, January 14th. Finally, Zacks Research lowered Phoenix Education Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $44.00.

Phoenix Education Partners Stock Up 2.3%

PXED stock opened at $31.37 on Tuesday. Phoenix Education Partners has a twelve month low of $23.52 and a twelve month high of $47.08. The company has a market capitalization of $1.12 billion and a PE ratio of 12.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.88 and a quick ratio of 1.88. The company's fifty day moving average price is $29.37.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last released its earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.11. The firm had revenue of $262.03 million during the quarter, compared to the consensus estimate of $257.56 million. The business's revenue was up 2.9% on a year-over-year basis.

Phoenix Education Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.84 annualized dividend and a yield of 2.7%. Phoenix Education Partners's dividend payout ratio (DPR) is presently 34.71%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State of Tennessee Department of Treasury bought a new stake in shares of Phoenix Education Partners during the 4th quarter worth approximately $271,000. XTX Topco Ltd bought a new position in Phoenix Education Partners in the 4th quarter valued at $273,000. Wellington Management Group LLP bought a new position in Phoenix Education Partners in the 4th quarter valued at $10,559,000. Readystate Asset Management LP purchased a new stake in Phoenix Education Partners in the fourth quarter worth $662,000. Finally, Manatuck Hill Partners LLC purchased a new stake in Phoenix Education Partners in the fourth quarter worth $1,364,000.

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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