Phoenix Education Partners, Inc.’s (NYSE:PXED) Lock-Up Period To End on April 7th

Phoenix Education Partners’ (NYSE:PXED) lock-up period is set to end on Tuesday, April 7th. Phoenix Education Partners had issued 4,250,000 shares in its IPO on October 9th. The total size of the offering was $136,000,000 based on an initial share price of $32.00. After the end of Phoenix Education Partners’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings began coverage on shares of Phoenix Education Partners in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Phoenix Education Partners in a research report on Wednesday, March 25th. BMO Capital Markets set a $39.00 target price on shares of Phoenix Education Partners in a research note on Wednesday, January 14th. Morgan Stanley raised their target price on shares of Phoenix Education Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, B. Riley Financial decreased their price target on shares of Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Three research 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. According to data from MarketBeat, Phoenix Education Partners presently has an average rating of “Hold” and a consensus price target of $44.00.

Phoenix Education Partners Trading Up 2.3%

Shares of PXED stock opened at $31.37 on Tuesday. Phoenix Education Partners has a twelve month low of $23.52 and a twelve month high of $47.08. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $29.37. The stock has a market cap of $1.12 billion and a PE ratio of 12.96.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.27 by $0.11. The firm had revenue of $262.03 million for the quarter, compared to analysts’ expectations of $257.56 million. The business’s quarterly revenue was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.7%. Phoenix Education Partners’s dividend payout ratio (DPR) is 34.71%.

Institutional Investors Weigh In On Phoenix Education Partners

Several hedge funds have recently modified their holdings of the business. Strs Ohio purchased a new position in Phoenix Education Partners during the fourth quarter valued at approximately $27,000. Police & Firemen s Retirement System of New Jersey bought a new position in Phoenix Education Partners in the fourth quarter worth approximately $40,000. Deutsche Bank AG purchased a new stake in Phoenix Education Partners during the fourth quarter worth $89,000. MetLife Investment Management LLC purchased a new stake in Phoenix Education Partners during the fourth quarter worth $92,000. Finally, Sandia Investment Management LP bought a new stake in Phoenix Education Partners during the 4th quarter valued at $161,000.

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.