Wellington Management Group LLP Buys 241,997 Shares of Phoenix Education Partners, Inc. $PXED

Wellington Management Group LLP increased its position in Phoenix Education Partners, Inc. (NYSE:PXED) by 48.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 743,112 shares of the company’s stock after buying an additional 241,997 shares during the quarter. Wellington Management Group LLP’s holdings in Phoenix Education Partners were worth $24,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Phoenix Education Partners in the second quarter worth approximately $12,620,000. Alyeska Investment Group L.P. bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at $7,989,000. FIL Ltd bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at $7,575,000. Loomis Sayles & Co. L P purchased a new position in shares of Phoenix Education Partners during the 4th quarter valued at $7,191,000. Finally, Marshall Wace LLP bought a new position in Phoenix Education Partners in the 4th quarter worth $6,130,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PXED shares. BMO Capital Markets cut their price target on 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Zacks Research cut Phoenix Education Partners from a “hold” rating to a “strong sell” rating 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, July 14th. Finally, Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.60.

Phoenix Education Partners Stock Performance

PXED opened at $28.78 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. The stock has a market capitalization of $1.04 billion and a price-to-earnings ratio of 13.39. The company has a fifty day moving average of $30.10 and a 200 day moving average of $29.79. Phoenix Education Partners, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $47.08.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 for the quarter. As a group, sell-side analysts forecast that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders 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 of this dividend was Wednesday, July 29th. Phoenix Education Partners’s payout ratio is 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.