Seven Grand Managers LLC Makes New Investment in Phoenix Education Partners, Inc. $PXED

Seven Grand Managers LLC purchased a new position in shares of Phoenix Education Partners, Inc. (NYSE:PXED) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,515,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PXED. Van Berkom & Associates Inc. acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $44,774,000. Massachusetts Financial Services Co. MA acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $21,681,000. First Eagle Investment Management LLC acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $5,459,000. Geode Capital Management LLC acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $3,015,000. Finally, UBS Group AG acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $2,618,000.

Phoenix Education Partners Trading Up 0.0%

PXED stock opened at $29.95 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.20. 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 cap of $1.07 billion and a PE ratio of 9.98. The business has a 50-day moving average price of $29.31.

Phoenix Education Partners (NYSE:PXED) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $219.71 million. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts forecast that Phoenix Education Partners, Inc. will post 4.48 EPS for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Wednesday, April 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, April 29th. Phoenix Education Partners’s dividend payout ratio (DPR) is 28.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PXED. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Zacks Research downgraded Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Phoenix Education Partners currently has a consensus rating of “Hold” and a consensus target price of $44.00.

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.