Manatuck Hill Partners LLC Takes $1.36 Million Position in Phoenix Education Partners, Inc. $PXED

Manatuck Hill Partners LLC purchased a new stake in Phoenix Education Partners, Inc. (NYSE:PXED) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $1,364,000. Manatuck Hill Partners LLC owned about 0.13% of Phoenix Education Partners as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Van Berkom & Associates Inc. acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at $44,774,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at $21,681,000. Alyeska Investment Group L.P. acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at $7,989,000. FIL Ltd acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at $7,575,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at $7,191,000.

Phoenix Education Partners Price Performance

PXED opened at $29.93 on Thursday. The stock’s 50-day moving average price is $29.53 and its 200 day moving average price is $30.28. Phoenix Education Partners, Inc. has a 12-month low of $23.52 and a 12-month high of $47.08. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.07 billion and a price-to-earnings ratio of 9.98.

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

Phoenix Education Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Wednesday, April 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.84 annualized dividend and a yield of 2.8%. Phoenix Education Partners’s dividend payout ratio is presently 28.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PXED shares. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday. 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. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Phoenix Education Partners presently has an average rating of “Hold” and an average target price of $44.00.

Phoenix Education Partners Company 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.