Phoenix Education Partners (NYSE:PXED) Downgraded by Wall Street Zen to Hold

Phoenix Education Partners (NYSE:PXED) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Phoenix Education Partners has an average rating of “Hold” and an average price target of $44.00.

Phoenix Education Partners Stock Performance

PXED traded down $1.06 during trading on Friday, hitting $33.45. The stock had a trading volume of 115,170 shares, compared to its average volume of 111,529. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The company has a 50 day moving average price of $31.05 and a 200-day moving average price of $30.23. Phoenix Education Partners has a one year low of $23.52 and a one year high of $47.08. The firm has a market cap of $1.20 billion and a price-to-earnings ratio of 11.15.

Institutional Investors Weigh In On Phoenix Education Partners

Large investors have recently added to or reduced their stakes in the stock. Van Berkom & Associates Inc. bought a new position in Phoenix Education Partners during the 4th quarter worth $44,774,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at $21,681,000. Wellington Management Group LLP bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at $10,559,000. Alyeska Investment Group L.P. acquired a new stake in shares of Phoenix Education Partners during the 4th quarter worth $7,989,000. Finally, FIL Ltd bought a new position in shares of Phoenix Education Partners in the fourth quarter worth $7,575,000.

About Phoenix Education Partners

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.