Phoenix Education Partners (NYSE:PXED) Reaches New 52-Week Low – Here’s Why

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) reached a new 52-week low on Monday. The stock traded as low as $23.41 and last traded at $23.7140, with a volume of 35,235 shares trading hands. The stock had previously closed at $23.93.

Wall Street Analyst Weigh In

PXED has been the topic of a number of recent research reports. Wall Street Zen cut Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. B. Riley Financial dropped their price objective on Phoenix Education Partners from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. BMO Capital Markets cut their price objective on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, October 5th. Morgan Stanley decreased their target price on 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. Finally, Jefferies Financial Group upgraded shares of Phoenix Education Partners to a “strong-buy” rating in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.20.

Phoenix Education Partners Stock Down 0.2%

The business’s 50 day simple moving average is $26.20 and its 200-day simple moving average is $28.90. 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 company has a market cap of $860.73 million and a price-to-earnings ratio of 11.11.

Insiders Place Their Bets

In related news, insider John Woods sold 19,453 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $25.89, for a total transaction of $503,638.17. Following the transaction, the insider owned 62,682 shares of the company’s stock, valued at approximately $1,622,836.98. This trade represents a 23.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 have sold a total of 20,703 shares of company stock worth $534,904 over the last 90 days. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of Phoenix Education Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming boosted its position in Phoenix Education Partners by 446.3% during the third quarter. State of Wyoming now owns 12,980 shares of the company’s stock worth $330,000 after purchasing an additional 10,604 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Phoenix Education Partners in the third quarter valued at about $51,000. Curated Wealth Partners LLC bought a new position in shares of Phoenix Education Partners in the third quarter worth about $1,653,000. Wellington Management Group LLP increased its stake in shares of Phoenix Education Partners by 48.3% in the second quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock worth $24,411,000 after purchasing an additional 241,997 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Phoenix Education Partners during the second quarter worth approximately $26,000.

Phoenix Education Partners Company Profile

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.