PDT Partners LLC Invests $956,000 in Phoenix Education Partners, Inc. $PXED

PDT Partners LLC bought a new stake in Phoenix Education Partners, Inc. (NYSE:PXED) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,100 shares of the company’s stock, valued at approximately $956,000.

A number of other large investors also recently made changes to their positions in PXED. Strs Ohio bought a new stake in Phoenix Education Partners in the 4th quarter valued at $27,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Phoenix Education Partners in the 4th quarter valued at $40,000. Legal & General Group Plc bought a new position in Phoenix Education Partners during the 2nd quarter worth $64,000. State of Wyoming bought a new position in Phoenix Education Partners during the 2nd quarter worth $78,000. Finally, Deutsche Bank AG acquired a new stake in shares of Phoenix Education Partners during the fourth quarter worth $89,000.

Phoenix Education Partners Stock Up 1.8%

Shares of NYSE PXED opened at $29.31 on Friday. The stock has a market capitalization of $1.06 billion and a P/E ratio of 13.63. The stock’s fifty day moving average is $30.31 and its 200 day moving average is $29.75. Phoenix Education Partners, Inc. has a 52 week low of $23.52 and a 52 week high of $47.08. 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 (NYSE:PXED) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.15. The business had revenue of $271.80 million during the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. Sell-side analysts forecast that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th were given a $0.21 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. Phoenix Education Partners’s payout ratio is presently 39.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PXED shares. 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. Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $40.00 target price on shares of Phoenix Education Partners in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets cut their price target on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

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.