Phoenix Education Partners (NYSE:PXED) Insider Sells $10,016.00 in Stock

Phoenix Education Partners, Inc. (NYSE:PXED) insider John Terrence Woods sold 400 shares of the stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $25.04, for a total value of $10,016.00. Following the sale, the insider directly owned 62,682 shares in the company, valued at $1,569,557.28. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Terrence Woods also recently made the following trade(s):

• On Monday, October 12th, John Terrence Woods sold 850 shares of Phoenix Education Partners stock. The shares were sold at an average price of $25.00, for a total value of $21,250.00.
• On Friday, October 9th, John Terrence Woods sold 19,453 shares of Phoenix Education Partners stock. The shares were sold at an average price of $25.89, for a total value of $503,638.17.

Phoenix Education Partners Stock Performance

Shares of PXED traded down $0.24 during mid-day trading on Tuesday, reaching $24.49. The company had a trading volume of 70,260 shares, compared to its average volume of 101,922. Phoenix Education Partners, Inc. has a 52-week low of $23.42 and a 52-week high of $37.66. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $882.86 million and a P/E ratio of 11.39. The stock has a 50 day moving average of $26.49 and a two-hundred day moving average of $29.11.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Jefferies Financial Group raised Phoenix Education Partners to a “strong-buy” rating in a report on Wednesday, September 23rd. Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. B. Riley Financial cut their target price on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Zacks Research upgraded shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, Morgan Stanley decreased their target price on shares of Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Institutional Investors Weigh In On Phoenix Education Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in Phoenix Education Partners in the 2nd quarter worth $26,000. Legal & General Group Plc purchased a new position in Phoenix Education Partners during the second quarter valued at $64,000. State of Alaska Department of Revenue purchased a new position in Phoenix Education Partners during the third quarter valued at $51,000. State of Wyoming acquired a new stake in shares of Phoenix Education Partners in the second quarter valued at about $78,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Phoenix Education Partners in the second quarter valued at about $191,000.

About Phoenix Education Partners

Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.

The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.