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

Phoenix Education Partners’ (NYSE:PXED) lock-up period will end on Tuesday, April 7th. Phoenix Education Partners had issued 4,250,000 shares in its initial public offering 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 major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PXED shares. Weiss Ratings initiated coverage on Phoenix Education Partners in a research note on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Phoenix Education Partners in a report on Wednesday, March 25th. B. Riley Financial reduced their price target 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. BMO Capital Markets set a $39.00 price target on shares of Phoenix Education Partners in a report on Wednesday, January 14th. Finally, Morgan Stanley boosted their price objective on shares of Phoenix Education Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Three 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.00.

Phoenix Education Partners Trading Up 1.7%

Shares of NYSE:PXED opened at $32.00 on Thursday. The company has a 50 day moving average price of $29.44. The firm has a market capitalization of $1.14 billion and a price-to-earnings ratio of 13.22. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.22. Phoenix Education Partners has a 52 week low of $23.52 and a 52 week high of $47.08.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings data 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 business had revenue of $262.03 million for the quarter, compared to analyst estimates of $257.56 million. The company’s revenue was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, January 28th. Phoenix Education Partners’s payout ratio is 34.71%.

Institutional Investors Weigh In On Phoenix Education Partners

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

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.