PDT Partners LLC Invests $956,000 in Phoenix Education Partners, Inc. $PXED

PDT Partners LLC acquired a new stake in Phoenix Education Partners, Inc. (NYSE:PXED) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 29,100 shares of the company’s stock, valued at approximately $956,000. PDT Partners LLC owned approximately 0.08% of Phoenix Education Partners at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legal & General Group Plc acquired a new position in Phoenix Education Partners during the second quarter valued at approximately $64,000. Heartland Advisors Inc. acquired a new position in shares of Phoenix Education Partners during the 2nd quarter worth approximately $2,398,000. Meeder Asset Management Inc. acquired a new position in shares of Phoenix Education Partners during the 2nd quarter worth approximately $191,000. BlackRock Inc. bought a new stake in shares of Phoenix Education Partners during the 2nd quarter worth approximately $12,620,000. Finally, Deutsche Bank AG bought a new stake in shares of Phoenix Education Partners during the 2nd quarter worth approximately $433,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. B. Riley Financial decreased their price objective on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Phoenix Education Partners presently has an average rating of “Moderate Buy” and an average target price of $41.60.

Phoenix Education Partners Stock Performance

PXED opened at $29.31 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. Phoenix Education Partners, Inc. has a 12-month low of $23.52 and a 12-month high of $47.08. The business has a 50 day moving average of $30.31 and a 200-day moving average of $29.75. The stock has a market cap of $1.06 billion and a price-to-earnings ratio of 13.63.

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

Phoenix Education Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, July 29th. Phoenix Education Partners’s payout ratio is currently 39.07%.

Phoenix Education Partners 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.