Phoenix Education Partners (NYSE:PXED) Rating Lowered to Strong Sell at Zacks Research

Phoenix Education Partners (NYSE:PXED) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other research analysts have also recently issued research reports about the company. Morgan Stanley cut Phoenix Education Partners from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a research note on Wednesday. Weiss Ratings cut shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Jefferies Financial Group upgraded shares of Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Truist Financial reduced their price objective on shares of Phoenix Education Partners from $38.00 to $23.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Phoenix Education Partners from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Phoenix Education Partners has a consensus rating of “Hold” and an average target price of $31.67.

Phoenix Education Partners Stock Performance

Shares of NYSE:PXED traded down $1.85 during trading hours on Thursday, hitting $19.66. The stock had a trading volume of 226,743 shares, compared to its average volume of 97,603. The stock’s fifty day simple moving average is $25.53 and its 200 day simple moving average is $28.70. Phoenix Education Partners has a 1-year low of $19.55 and a 1-year high of $35.90. The firm has a market capitalization of $708.60 million and a price-to-earnings ratio of 8.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. The business had revenue of $260.68 million during the quarter. Sell-side analysts anticipate that Phoenix Education Partners will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Phoenix Education Partners

In other news, insider John Woods sold 19,453 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $25.89, for a total value of $503,638.17. Following the completion of the sale, the insider owned 62,682 shares in the company, valued at $1,622,836.98. This represents a 23.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 20,703 shares of company stock valued at $534,904 in the last ninety days. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Phoenix Education Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Phoenix Education Partners in the second quarter valued at $26,000. State of Alaska Department of Revenue purchased a new stake in Phoenix Education Partners in the 3rd quarter worth approximately $51,000. Legal & General Group Plc acquired a new stake in shares of Phoenix Education Partners during the 2nd quarter valued at $64,000. State of Wyoming purchased a new position in shares of Phoenix Education Partners during the 2nd quarter valued at $78,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Phoenix Education Partners during the 2nd quarter valued at $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.