Phoenix Education Partners, Inc.’s Lock-Up Period Set To End Tomorrow (NYSE:PXED)

Phoenix Education Partners’ (NYSE:PXED) lock-up period will 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. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PXED. Zacks Research cut Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Morgan Stanley upped their price target on Phoenix Education Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. BMO Capital Markets set a $39.00 price target on shares of Phoenix Education Partners in a research report on Wednesday, January 14th. Weiss Ratings initiated coverage on shares of Phoenix Education Partners in a research note on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Finally, B. Riley Financial decreased their price objective on shares of Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.00.

Phoenix Education Partners Trading Down 0.2%

PXED stock opened at $31.28 on Monday. The business’s 50-day simple moving average is $29.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.12 billion and a price-to-earnings ratio of 12.93. Phoenix Education Partners has a 1-year low of $23.52 and a 1-year high of $47.08.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.11. The business had revenue of $262.03 million during the quarter, compared to the consensus estimate 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. Investors of record on Wednesday, January 28th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, January 28th. Phoenix Education Partners’s dividend payout ratio is presently 34.71%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in shares of Phoenix Education Partners during the fourth quarter worth $396,000. State of Tennessee Department of Treasury acquired a new position in Phoenix Education Partners in the 4th quarter worth $271,000. Goldman Sachs Group Inc. acquired a new position in Phoenix Education Partners in the 4th quarter worth $259,000. Wells Fargo & Company MN bought a new position in Phoenix Education Partners during the 4th quarter worth about $165,000. Finally, Sandia Investment Management LP bought a new position in Phoenix Education Partners during the 4th quarter worth about $161,000.

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.