Bastion Asset Management Inc. Invests $2.08 Million in Phoenix Education Partners, Inc. $PXED

Bastion Asset Management Inc. purchased a new position in shares of Phoenix Education Partners, Inc. (NYSE:PXEDFree Report) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 67,817 shares of the company’s stock, valued at approximately $2,085,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Phoenix Education Partners by 55.1% in the 1st quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company’s stock worth $345,000 after purchasing an additional 3,898 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Phoenix Education Partners during the first quarter valued at approximately $300,000. R Squared Ltd bought a new position in shares of Phoenix Education Partners during the first quarter valued at approximately $300,000. State of Tennessee Department of Treasury purchased a new stake in shares of Phoenix Education Partners in the fourth quarter worth approximately $271,000. Finally, XTX Topco Ltd purchased a new stake in shares of Phoenix Education Partners in the fourth quarter worth approximately $273,000.

Phoenix Education Partners Price Performance

Shares of PXED stock opened at $30.45 on Friday. Phoenix Education Partners, Inc. has a twelve month low of $23.52 and a twelve month high of $47.08. The company has a current ratio of 1.91, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $31.24 and a two-hundred day simple moving average of $30.20. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 14.17.

Phoenix Education Partners (NYSE:PXEDGet Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.28 by $0.15. The firm had revenue of $271.80 million for the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. On average, analysts predict that Phoenix Education Partners, Inc. will post 4.5 EPS for the current fiscal year.

Phoenix Education Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, July 29th. Phoenix Education Partners’s dividend payout ratio is presently 39.07%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PXED. Weiss Ratings raised Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. BMO Capital Markets reduced their target price on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Finally, Morgan Stanley restated an “overweight” rating and issued a $40.00 price target on shares of Phoenix Education Partners in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.20.

View Our Latest Stock Analysis on PXED

Trending Headlines about Phoenix Education Partners

Here are the key news stories impacting Phoenix Education Partners this week:

Phoenix Education Partners Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PXED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phoenix Education Partners, Inc. (NYSE:PXEDFree Report).

Institutional Ownership by Quarter for Phoenix Education Partners (NYSE:PXED)

Receive News & Ratings for Phoenix Education Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Education Partners and related companies with MarketBeat.com's FREE daily email newsletter.