Heartland Advisors Inc. Makes New $2.40 Million Investment in Phoenix Education Partners, Inc. $PXED

Heartland Advisors Inc. acquired a new stake in Phoenix Education Partners, Inc. (NYSE:PXED) during the second quarter, Holdings Channel.com reports. The fund acquired 73,005 shares of the company’s stock, valued at approximately $2,398,000.

Several other institutional investors have also recently bought and sold shares of the business. Strs Ohio bought a new position in Phoenix Education Partners in the 4th quarter valued at approximately $27,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Phoenix Education Partners during the fourth quarter worth about $40,000. State of Wyoming acquired a new position in shares of Phoenix Education Partners in the 2nd quarter worth approximately $78,000. Deutsche Bank AG acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $89,000. Finally, MetLife Investment Management LLC bought a new position in shares of Phoenix Education Partners during the 4th quarter worth approximately $92,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PXED. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. BMO Capital Markets decreased their price objective on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. B. Riley Financial lowered their price objective on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $40.00 target price on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.60.

Phoenix Education Partners Stock Up 0.5%

PXED opened at $28.27 on Friday. Phoenix Education Partners, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $47.08. The firm has a market capitalization of $1.02 billion and a P/E ratio of 13.15. The company’s 50-day moving average is $30.43 and its 200 day moving average is $29.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The business had revenue of $271.80 million during the quarter. Research analysts expect that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.84 annualized dividend and a yield of 3.0%. Phoenix Education Partners’s payout ratio is currently 39.07%.

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.