Phoenix Education Partners (NYSE:PXED) Sees Unusually-High Trading Volume – Here’s Why

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) saw unusually-strong trading volume on Tuesday . 167,077 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 104,989 shares.The stock last traded at $28.2420 and had previously closed at $28.53.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PXED. B. Riley Financial reduced their price objective on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. BMO Capital Markets reduced their price target on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $40.00 price target on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Phoenix Education Partners Stock Up 1.3%

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 stock has a market capitalization of $1.04 billion and a P/E ratio of 13.44. The firm has a 50 day moving average of $31.17 and a 200-day moving average of $30.01.

Phoenix Education Partners (NYSE:PXED) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%.The firm had revenue of $271.80 million during the quarter. On average, equities research analysts expect that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Wednesday, July 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, July 29th. Phoenix Education Partners’s dividend payout ratio is presently 39.07%.

Institutional Investors Weigh In On Phoenix Education Partners

Institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC bought a new stake in Phoenix Education Partners in the 1st quarter valued at $858,000. Walleye Capital LLC lifted its position in shares of Phoenix Education Partners by 23.7% during the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock worth $508,000 after buying an additional 3,097 shares during the period. State of Wyoming bought a new position in shares of Phoenix Education Partners during the 1st quarter worth approximately $151,000. Bastion Asset Management Inc. bought a new position in Phoenix Education Partners during the 1st quarter valued at about $2,085,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Phoenix Education Partners by 55.1% in the first 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.

About Phoenix Education Partners

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.