Phoenix Education Partners (NYSE:PXED) Reaches New 52-Week Low – Time to Sell?
by Michael Walen · The Markets DailyPhoenix Education Partners, Inc. (NYSE:PXED – Get Free Report) shares hit a new 52-week low on Monday. The stock traded as low as $23.41 and last traded at $23.7140, with a volume of 35,235 shares. The stock had previously closed at $23.93.
Wall Street Analyst Weigh In
PXED has been the topic of several research reports. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Jefferies Financial Group raised Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. BMO Capital Markets cut their price target on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Zacks Research upgraded shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, Weiss Ratings cut shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.20.
View Our Latest Research Report on PXED
Phoenix Education Partners Stock Performance
The stock has a 50-day moving average price of $26.20 and a 200 day moving average price of $28.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92. The firm has a market cap of $860.73 million and a PE ratio of 11.11.
Insiders Place Their Bets
In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of Phoenix Education Partners stock in a transaction on Friday, October 9th. The shares were sold at an average price of $25.89, for a total value of $503,638.17. Following the transaction, the insider owned 62,682 shares in the company, valued at $1,622,836.98. This trade represents a 23.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Insiders have sold a total of 20,703 shares of company stock worth $534,904 over the last quarter. Company insiders own 5.00% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PXED. Public Employees Retirement System of Ohio purchased a new stake in shares of Phoenix Education Partners during the 2nd quarter worth about $26,000. Legal & General Group Plc purchased a new stake in Phoenix Education Partners during the 2nd quarter worth $64,000. State of Alaska Department of Revenue acquired a new position in shares of Phoenix Education Partners in the third quarter worth about $51,000. State of Wyoming purchased a new position in shares of Phoenix Education Partners during the 2nd quarter valued at approximately $78,000. Finally, Meeder Asset Management Inc. bought a new position in Phoenix Education Partners during the 2nd quarter valued at $191,000.
Phoenix Education Partners Company Profile
Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.
The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.
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