Phoenix Education Partners (NYSE:PXED) Cut to “Hold” at Wall Street Zen

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

Separately, Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Phoenix Education Partners Price Performance

Shares of PXED opened at $30.96 on Friday. Phoenix Education Partners has a twelve month low of $23.52 and a twelve month high of $47.08. The firm has a market cap of $1.11 billion and a PE ratio of 10.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The firm’s 50 day moving average price is $29.60 and its 200 day moving average price is $30.29.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings results on Tuesday, April 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.24. The firm had revenue of $222.46 million during the quarter, compared to the consensus estimate of $219.71 million. Phoenix Education Partners’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts expect that Phoenix Education Partners will post 4.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Phoenix Education Partners

A number of institutional investors and hedge funds have recently bought and sold shares of PXED. Van Berkom & Associates Inc. bought a new position in Phoenix Education Partners during the fourth quarter worth $44,774,000. Massachusetts Financial Services Co. MA bought a new position in Phoenix Education Partners during the fourth quarter worth $21,681,000. Wellington Management Group LLP bought a new position in Phoenix Education Partners during the fourth quarter worth $10,559,000. Alyeska Investment Group L.P. bought a new position in Phoenix Education Partners during the fourth quarter worth $7,989,000. Finally, FIL Ltd bought a new position in Phoenix Education Partners during the fourth quarter worth $7,575,000.

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.