Curated Wealth Partners LLC Buys New Stake in Phoenix Education Partners, Inc. $PXED

Curated Wealth Partners LLC purchased a new stake in Phoenix Education Partners, Inc. (NYSE:PXED) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 65,004 shares of the company’s stock, valued at approximately $1,653,000. Curated Wealth Partners LLC owned 0.18% of Phoenix Education Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP boosted its position 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 valued at $24,411,000 after acquiring an additional 241,997 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Phoenix Education Partners during the second quarter worth $12,620,000. Bastion Asset Management Inc. acquired a new position in Phoenix Education Partners in the first quarter valued at about $2,085,000. Heartland Advisors Inc. acquired a new position in Phoenix Education Partners in the 2nd quarter worth $2,398,000. Finally, PDT Partners LLC bought a new position in shares of Phoenix Education Partners in the 2nd quarter valued at about $956,000.

Phoenix Education Partners Trading Up 2.7%

PXED stock traded up $0.65 during trading on Thursday, hitting $24.43. 29,444 shares of the company traded hands, compared to its average volume of 101,964. The firm has a market capitalization of $880.81 million and a PE ratio of 11.37. The company has a 50-day moving average of $27.04 and a 200-day moving average of $29.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. Phoenix Education Partners, Inc. has a 1 year low of $23.52 and a 1 year high of $38.19.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The company had revenue of $271.80 million during the quarter. Analysts predict that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Phoenix Education Partners news, insider John Terrence Woods sold 19,453 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $25.89, for a total transaction of $503,638.17. Following the completion of the sale, the insider directly owned 62,682 shares in the company, valued at $1,622,836.98. The trade was a 23.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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. 5.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PXED shares. B. Riley Financial reduced their price objective on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Zacks Research upgraded shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Jefferies Financial Group upgraded Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Finally, Morgan Stanley lowered their price target on Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Phoenix Education Partners currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

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.