Phoenix Education Partners (NYSE:PXED) Stock Gets Price Target Reduction from B. Riley Financial

Phoenix Education Partners (NYSE:PXED) had its target price cut by B. Riley Financial from $51.00 to $44.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on PXED. Weiss Ratings cut shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. 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. Zacks Research raised shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Jefferies Financial Group upgraded Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Finally, Morgan Stanley reduced their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

Phoenix Education Partners Stock Down 4.0%

Shares of Phoenix Education Partners stock opened at $23.88 on Wednesday. The company has a 50-day simple moving average of $26.20 and a two-hundred day simple moving average of $28.90. The stock has a market capitalization of $860.80 million and a PE ratio of 11.11. Phoenix Education Partners has a 52-week low of $23.42 and a 52-week high of $37.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91.

Insider Buying and Selling

In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 20,703 shares of company stock valued at $534,904 over the last quarter. 5.00% of the stock is currently owned by company insiders.

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 acquired a new stake in shares of Phoenix Education Partners in the second quarter valued at approximately $26,000. Legal & General Group Plc purchased a new position in Phoenix Education Partners during the second quarter worth approximately $64,000. State of Alaska Department of Revenue purchased a new position in Phoenix Education Partners during the third quarter worth approximately $51,000. State of Wyoming acquired a new position in Phoenix Education Partners during the second quarter worth $78,000. Finally, Meeder Asset Management Inc. acquired a new position in Phoenix Education Partners during the second quarter worth $191,000.

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.