Phoenix Education Partners (NYSE:PXED) Insider John Terrence Woods Sells 850 Shares of Company Stock

Phoenix Education Partners, Inc. (NYSE:PXED) insider John Terrence Woods sold 850 shares of Phoenix Education Partners stock in a transaction on Monday, October 12th. The shares were sold at an average price of $25.00, for a total value of $21,250.00. Following the sale, the insider directly owned 62,682 shares of the company’s stock, valued at approximately $1,567,050. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

John Terrence Woods also recently made the following trade(s):

• On Friday, October 9th, John Terrence Woods sold 19,453 shares of Phoenix Education Partners stock. The stock was sold at an average price of $25.89, for a total value of $503,638.17.

Phoenix Education Partners Stock Down 0.9%

Shares of PXED traded down $0.21 during midday trading on Tuesday, reaching $24.14. 86,805 shares of the stock were exchanged, compared to its average volume of 102,242. Phoenix Education Partners, Inc. has a 52 week low of $23.52 and a 52 week high of $38.19. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $27.27 and its two-hundred day moving average is $29.31. The company has a market capitalization of $870.28 million and a P/E ratio of 11.23.

Phoenix Education Partners (NYSE:PXED) 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, sell-side analysts anticipate that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PXED shares. Zacks Research upgraded shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Weiss Ratings lowered shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. BMO Capital Markets lowered their price target on shares of Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. B. Riley Financial dropped their price objective on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Morgan Stanley dropped their price objective on shares of Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Phoenix Education Partners has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Institutional Investors Weigh In On Phoenix Education Partners

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Phoenix Education Partners by 48.3% during the 2nd 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. BlackRock Inc. purchased a new position in Phoenix Education Partners in the second quarter valued at about $12,620,000. Heartland Advisors Inc. purchased a new position in Phoenix Education Partners in the second quarter valued at about $2,398,000. Bastion Asset Management Inc. bought a new position in Phoenix Education Partners in the first quarter worth about $2,085,000. Finally, Manatuck Hill Partners LLC bought a new position in Phoenix Education Partners in the fourth quarter worth about $1,364,000.

About Phoenix Education Partners

Phoenix Education Partners, Inc (NYSE: PXED) is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.

Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.