Phoenix Education Partners (NYSE:PXED) Stock Price Down 14.2% – Here’s Why

Phoenix Education Partners, Inc. (NYSE:PXED)’s stock price was down 14.2% during mid-day trading on Thursday . The stock traded as low as $29.07 and last traded at $29.6750. 22,100 shares were traded during trading, a decline of 79% from the average daily volume of 103,096 shares. The stock had previously closed at $34.57.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PXED shares. Morgan Stanley reissued an “overweight” rating and set a $40.00 target price on shares of Phoenix Education Partners in a research report on Wednesday. Weiss Ratings raised Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. BMO Capital Markets dropped their price target on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Phoenix Education Partners Price Performance

The stock has a 50-day moving average price of $31.23 and a 200 day moving average price of $30.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 2.01. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 14.08.

Phoenix Education Partners (NYSE:PXED) last announced its earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. The firm had revenue of $271.80 million during the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. As a group, equities research analysts forecast that Phoenix Education Partners, Inc. will post 4.47 earnings per share for the current fiscal year.

Phoenix Education Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. Phoenix Education Partners’s dividend payout ratio (DPR) is 39.07%.

Institutional Trading of Phoenix Education Partners

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio acquired a new stake in Phoenix Education Partners during the 4th quarter worth $27,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Phoenix Education Partners in the fourth quarter valued at $40,000. Deutsche Bank AG acquired a new position in Phoenix Education Partners in the fourth quarter valued at $89,000. MetLife Investment Management LLC purchased a new stake in shares of Phoenix Education Partners in the fourth quarter valued at about $92,000. Finally, Walleye Capital LLC raised its holdings in shares of Phoenix Education Partners by 23.7% in the first quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock valued at $508,000 after buying an additional 3,097 shares during the last quarter.

Phoenix Education Partners Company 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.