Phoenix Education Partners (NYSE:PXED) Posts Quarterly Earnings Results

Phoenix Education Partners (NYSE:PXED) issued its quarterly earnings results on Tuesday. The company reported $1.43 EPS for the quarter, FiscalAI reports. The company had revenue of $271.80 million for the quarter.

Phoenix Education Partners Stock Performance

Shares of PXED stock traded up $0.85 during trading hours on Tuesday, reaching $34.40. The stock had a trading volume of 144,526 shares, compared to its average volume of 100,278. Phoenix Education Partners has a twelve month low of $23.52 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $1.23 billion and a PE ratio of 11.47. The firm has a 50-day simple moving average of $31.15 and a 200-day simple moving average of $30.22.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PXED shares. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday. Three 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC purchased a new stake in shares of Phoenix Education Partners during the first quarter valued at $858,000. Walleye Capital LLC increased its position in Phoenix Education Partners by 23.7% during the first quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock worth $508,000 after acquiring an additional 3,097 shares during the period. State of Wyoming bought a new position in Phoenix Education Partners in the 1st quarter valued at $151,000. Bastion Asset Management Inc. bought a new position in Phoenix Education Partners in the 1st quarter worth approximately $2,085,000. Finally, Bank of New York Mellon Corp raised its position in shares of Phoenix Education Partners by 55.1% during the 1st quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company’s stock valued at $345,000 after acquiring an additional 3,898 shares during the last quarter.

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.