UBS Group AG Buys New Position in Phoenix Education Partners, Inc. $PXED

UBS Group AG bought a new stake in Phoenix Education Partners, Inc. (NYSE:PXED) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 86,390 shares of the company’s stock, valued at approximately $2,618,000. UBS Group AG owned 0.24% of Phoenix Education Partners as of its most recent SEC filing.

Separately, Massachusetts Financial Services Co. MA acquired a new stake in Phoenix Education Partners during the 4th quarter worth approximately $21,681,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PXED shares. Wall Street Zen cut Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Finally, Zacks Research cut Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Phoenix Education Partners Price Performance

PXED opened at $30.09 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $29.27. The firm has a market cap of $1.08 billion and a PE ratio of 10.03. Phoenix Education Partners, Inc. has a 12 month low of $23.52 and a 12 month high of $47.08.

Phoenix Education Partners (NYSE:PXED) last posted its quarterly earnings results on Tuesday, April 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.34 by $0.24. The business had revenue of $222.46 million during the quarter, compared to analyst estimates of $219.71 million. Phoenix Education Partners’s quarterly revenue was down .4% on a year-over-year basis. Research analysts anticipate that Phoenix Education Partners, Inc. will post 4.48 EPS for the current year.

Phoenix Education Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Wednesday, April 29th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.84 annualized dividend and a yield of 2.8%. Phoenix Education Partners’s payout ratio is currently 28.00%.

Phoenix Education Partners 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.