Van Berkom & Associates Inc. Takes $44.77 Million Position in Phoenix Education Partners, Inc. $PXED

Van Berkom & Associates Inc. bought a new stake in Phoenix Education Partners, Inc. (NYSE:PXED) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,477,675 shares of the company’s stock, valued at approximately $44,774,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $27,000. Harbor Advisors LLC bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $303,000. UBS Group AG bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $2,618,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $21,681,000.

Phoenix Education Partners Price Performance

Shares of NYSE:PXED opened at $28.72 on Tuesday. Phoenix Education Partners, Inc. has a 1 year low of $23.52 and a 1 year high of $47.08. The stock has a market cap of $1.03 billion and a P/E ratio of 9.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The firm’s 50-day simple moving average is $29.14.

Phoenix Education Partners (NYSE:PXED) last posted its earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.24. The firm had revenue of $222.46 million for the quarter, compared to analysts’ expectations of $219.71 million. The company’s revenue for the quarter was down .4% on a year-over-year basis. Analysts expect that Phoenix Education Partners, Inc. will post 4.48 EPS for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, April 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Phoenix Education Partners’s dividend payout ratio is 28.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PXED shares. BMO Capital Markets set a $39.00 target price on Phoenix Education Partners in a research note on Wednesday, January 14th. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Zacks Research lowered Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. B. Riley Financial lowered their target price on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Finally, Weiss Ratings started coverage on Phoenix Education Partners in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating for the company. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Phoenix Education Partners presently has an average rating of “Hold” and an average price target of $44.00.

Phoenix Education Partners Profile

Our Mission To provide access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities. We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends.