Bridgepoint Education, Inc. (BPI) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Bridgepoint Education, Inc. (NYSE:BPI) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “Bridgepoint Education, Inc. provides postsecondary education services. It offers associate’s, bachelor’s, master’s, and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences. The Company delivers its programs online, as well as at its traditional campuses located in Clinton, Iowa and Colorado Springs, Colorado. Headquartered in San Diego, California, the company was founded on the principle that those who are academically prepared deserve access to an affordable higher education without sacrificing quality, transferability of credits, accessibility and academic standards. “

Several other equities analysts have also issued reports on BPI. Piper Jaffray Companies reaffirmed a hold rating and issued a $14.00 price target on shares of Bridgepoint Education in a report on Friday, July 28th. BidaskClub lowered shares of Bridgepoint Education from a hold rating to a sell rating in a report on Monday, July 31st. Finally, ValuEngine lowered shares of Bridgepoint Education from a buy rating to a hold rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Bridgepoint Education currently has a consensus rating of Hold and a consensus target price of $14.00.

Bridgepoint Education (NYSE:BPI) opened at 9.69 on Tuesday. Bridgepoint Education has a 52-week low of $6.34 and a 52-week high of $15.85. The company’s market capitalization is $281.86 million. The company has a 50-day moving average price of $9.10 and a 200 day moving average price of $11.81.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. The firm had revenue of $124.58 million during the quarter, compared to analysts’ expectations of $127.00 million. During the same period in the prior year, the firm posted $0.12 earnings per share. Bridgepoint Education’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that Bridgepoint Education will post $0.64 earnings per share for the current year.

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In other news, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction on Friday, August 18th. The shares were sold at an average price of $9.00, for a total transaction of $18,678,555.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $8.83, for a total transaction of $477,482.25. Following the sale, the chief executive officer now owns 146,806 shares of the company’s stock, valued at $1,296,296.98. The disclosure for this sale can be found here. Insiders own 41.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. American International Group Inc. lifted its stake in shares of Bridgepoint Education by 7.1% during the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock worth $117,000 after buying an additional 728 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of Bridgepoint Education during the fourth quarter worth $118,000. Valley National Advisers Inc. lifted its stake in shares of Bridgepoint Education by 45.1% during the first quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock worth $118,000 after buying an additional 3,440 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Bridgepoint Education during the first quarter worth $148,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Bridgepoint Education during the second quarter worth $152,000. Institutional investors and hedge funds own 92.80% of the company’s stock.

About Bridgepoint Education

Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes, and provide a range of student services.

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