Phoenix Education Partners (NYSE:PXED) Insider John Terrence Woods Sells 400 Shares of Company Stock

Phoenix Education Partners, Inc. (NYSE:PXED) insider John Woods sold 400 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $25.04, for a total transaction 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 legal filing with the SEC, which is available at this link. 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 Woods sold 850 shares of Phoenix Education Partners stock. The stock was sold at an average price of $25.00, for a total transaction of $21,250.00.
• On Friday, October 9th, John Woods sold 19,453 shares of Phoenix Education Partners stock. The shares were sold at an average price of $25.89, for a total transaction of $503,638.17.

Phoenix Education Partners Price Performance

PXED stock opened at $24.49 on Wednesday. The business has a fifty day moving average price of $26.40 and a 200 day moving average price of $29.03. Phoenix Education Partners, Inc. has a fifty-two week low of $23.42 and a fifty-two week high of $37.66. The stock has a market capitalization of $882.79 million and a price-to-earnings ratio of 11.39.

Wall Street Analyst Weigh In

PXED has been the subject of a number of research reports. Weiss Ratings lowered Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Wall Street Zen cut Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. B. Riley Financial reduced their price target on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a report on Wednesday, September 23rd. Finally, BMO Capital Markets decreased their price objective on shares of Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Institutional Investors Weigh In On Phoenix Education Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Phoenix Education Partners by 48.3% during the second quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock valued at $24,411,000 after acquiring an additional 241,997 shares during the period. BlackRock Inc. bought a new position in Phoenix Education Partners in the second quarter valued at about $12,620,000. Heartland Advisors Inc. acquired a new stake in Phoenix Education Partners in the second quarter worth about $2,398,000. Bastion Asset Management Inc. acquired a new stake in Phoenix Education Partners in the first quarter worth about $2,085,000. Finally, Curated Wealth Partners LLC bought a new stake in Phoenix Education Partners during the 3rd quarter worth about $1,653,000.

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.