Phoenix Education Partners (NYSE:PXED) Insider Sells $10,016.00 in Stock

Phoenix Education Partners, Inc. (NYSE:PXED) insider John Woods sold 400 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $25.04, for a total transaction of $10,016.00. Following the completion of the transaction, the insider owned 62,682 shares in the company, valued at approximately $1,569,557.28. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Terrence Woods also recently made the following trade(s):

• On Monday, October 12th, John Woods sold 850 shares of Phoenix Education Partners stock. The stock was sold at an average price of $25.00, for a total transaction of $21,250.00.
• On Friday, October 9th, John Woods sold 19,453 shares of Phoenix Education Partners stock. The stock was sold at an average price of $25.89, for a total value of $503,638.17.

Phoenix Education Partners Stock Performance

PXED opened at $24.83 on Friday. 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 company has a market capitalization of $895.05 million and a PE ratio of 11.55. The business has a fifty day simple moving average of $26.28 and a 200 day simple moving average of $28.95. Phoenix Education Partners, Inc. has a 1 year low of $23.42 and a 1 year high of $37.56.

Analysts Set New Price Targets

A number of research analysts have issued reports on PXED shares. 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. B. Riley Financial dropped their price target on shares of Phoenix Education Partners from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings cut Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Morgan Stanley reduced their price target on Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Finally, Jefferies Financial Group upgraded Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.20.

Institutional Investors Weigh In On Phoenix Education Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Wyoming raised its stake in Phoenix Education Partners by 446.3% during the third quarter. State of Wyoming now owns 12,980 shares of the company’s stock worth $330,000 after acquiring an additional 10,604 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Phoenix Education Partners in the 3rd quarter valued at approximately $51,000. Curated Wealth Partners LLC bought a new stake in shares of Phoenix Education Partners during the 3rd quarter valued at approximately $1,653,000. Wellington Management Group LLP grew its holdings in shares of Phoenix Education Partners by 48.3% during the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock valued at $24,411,000 after purchasing an additional 241,997 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Phoenix Education Partners during the 2nd quarter worth approximately $26,000.

About Phoenix Education Partners

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.