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

Phoenix Education Partners’ (NYSE:PXED) lock-up period is set to expire 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. After the expiration of Phoenix Education Partners’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

PXED has been the topic of several research analyst reports. Weiss Ratings assumed coverage on Phoenix Education Partners in a research note on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Zacks Research downgraded Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Phoenix Education Partners in a report on Wednesday, March 25th. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, BMO Capital Markets set a $39.00 target price on Phoenix Education Partners in a report on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Phoenix Education Partners presently has an average rating of “Hold” and an average price target of $44.00.

Phoenix Education Partners Stock Performance

Shares of NYSE:PXED opened at $31.28 on Friday. The company’s fifty day moving average is $29.40. The firm has a market cap of $1.12 billion and a PE ratio of 12.93. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Phoenix Education Partners has a one year low of $23.52 and a one year high of $47.08.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.11. The company had revenue of $262.03 million during the quarter, compared to analyst estimates of $257.56 million. Phoenix Education Partners’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors 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 payout ratio is presently 34.71%.

Institutional Investors Weigh In On Phoenix Education Partners

Several hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Phoenix Education Partners in the fourth quarter valued at approximately $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Phoenix Education Partners during the fourth quarter worth approximately $40,000. Deutsche Bank AG purchased a new stake in Phoenix Education Partners in the 4th quarter worth approximately $89,000. MetLife Investment Management LLC purchased a new stake in Phoenix Education Partners in the 4th quarter worth approximately $92,000. Finally, Sandia Investment Management LP acquired a new position in Phoenix Education Partners in the 4th quarter valued at $161,000.

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.