Key Points
- Insider selling: John Terrence Woods sold 400 PXED shares for $10,016 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 0.63% to 62,682 shares. He also sold 20,303 shares in earlier October transactions.
- Stock performance: PXED opened at $24.49, with a market capitalization of approximately $882.8 million and a price-to-earnings ratio of 11.39. The stock’s 52-week range is $23.42 to $37.66.
- Analyst outlook: Analysts hold a consensus “Moderate Buy” rating with an average price target of $40.60, despite mixed recent rating changes. Institutional investors, including Wellington Management and BlackRock, have also increased or initiated positions.
Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) insider John Woods sold 400 shares of the business's stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $25.04, for a total transaction of $10,016.00. Following the sale, the insider directly owned 62,682 shares of the company's stock, valued at approximately $1,569,557.28. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were 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 shares were sold at an average price of $25.89, for a total transaction of $503,638.17.
Phoenix Education Partners Stock Performance
Shares of PXED stock opened at $24.49 on Wednesday. Phoenix Education Partners, Inc. has a 52-week low of $23.42 and a 52-week high of $37.66. The stock has a market cap of $882.79 million and a PE ratio of 11.39. The firm's 50 day moving average price is $26.40 and its two-hundred day moving average price is $29.03.
Institutional Trading of Phoenix Education Partners
A number of institutional investors and hedge funds have recently modified their holdings of PXED. Wellington Management Group LLP raised its position in shares of Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company's stock valued at $24,411,000 after acquiring an additional 241,997 shares during the period. BlackRock Inc. bought a new position in Phoenix Education Partners during the 2nd quarter worth approximately $12,620,000. Heartland Advisors Inc. bought a new position in Phoenix Education Partners during the 2nd quarter worth approximately $2,398,000. Bastion Asset Management Inc. acquired a new position in Phoenix Education Partners during the first quarter valued at approximately $2,085,000. Finally, Curated Wealth Partners LLC acquired a new position in Phoenix Education Partners during the third quarter valued at approximately $1,653,000.
Analyst Ratings Changes
Several analysts have commented 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 reduced their price target on Phoenix Education Partners from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. 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 decreased their price objective on Phoenix Education Partners from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Finally, Jefferies Financial Group upgraded Phoenix Education Partners to a "strong-buy" rating in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.60.
Read Our Latest Report on PXED
About Phoenix Education Partners
(
Get Free Report)
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.
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