Phoenix Education Partners (NYSE:PXED) Price Target Cut to $44.00 by Analysts at B. Riley Financial

Phoenix Education Partners (NYSE:PXED) had its target price decreased by equities researchers at B. Riley Financial from $51.00 to $44.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial‘s target price suggests a potential upside of 84.38% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a report on Wednesday, September 23rd. Zacks Research raised shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Weiss Ratings downgraded 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 downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, BMO Capital Markets reduced their price target 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 research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Phoenix Education Partners presently has an average rating of “Moderate Buy” and an average price target of $39.20.

Phoenix Education Partners Price Performance

Shares of NYSE PXED traded down $0.07 on Wednesday, hitting $23.86. The company’s stock had a trading volume of 48,095 shares, compared to its average volume of 101,698. Phoenix Education Partners has a 12-month low of $23.41 and a 12-month high of $37.00. The company has a market capitalization of $860.30 million and a price-to-earnings ratio of 11.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92. The stock has a 50 day moving average of $26.20 and a 200-day moving average of $28.90.

Insider Buying and Selling at Phoenix Education Partners

In other news, insider John Woods sold 19,453 shares of the business’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 value of $503,638.17. Following the completion of the transaction, the insider owned 62,682 shares of the company’s stock, valued at $1,622,836.98. The trade was a 23.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 valued at $534,904 over the last ninety days. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Phoenix Education Partners

A number of institutional investors have recently modified their holdings of PXED. State of Wyoming increased 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 last quarter. State of Alaska Department of Revenue acquired a new position in Phoenix Education Partners during the third quarter worth approximately $51,000. Curated Wealth Partners LLC acquired a new position in Phoenix Education Partners during the third quarter worth approximately $1,653,000. Wellington Management Group LLP increased its position in Phoenix Education Partners by 48.3% during 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 last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Phoenix Education Partners during the second quarter worth approximately $26,000.

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.