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

Zacks Investment Research lowered shares of Bridgepoint Education, Inc. (NYSE:BPI) from a hold rating to a sell rating in a research note published on Tuesday, July 11th.

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. “

Separately, BidaskClub cut shares of Bridgepoint Education from a strong-buy rating to a buy rating in a report on Thursday, July 6th.

Bridgepoint Education (NYSE BPI) traded down 1.17% during midday trading on Tuesday, hitting $13.51. 176,118 shares of the stock traded hands. Bridgepoint Education has a one year low of $5.38 and a one year high of $15.85. The company has a 50-day moving average price of $14.12 and a 200 day moving average price of $12.04. The stock’s market cap is $388.91 million.

Bridgepoint Education (NYSE:BPI) last issued its earnings results on Tuesday, May 2nd. The company reported $0.23 earnings per share (EPS) for the quarter. Bridgepoint Education had a negative net margin of 1.92% and a positive return on equity of 7.58%. The business had revenue of $129.49 million during the quarter, compared to analysts’ expectations of $125 million. Equities research analysts anticipate that Bridgepoint Education will post $0.61 earnings per share for the current year.

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In related news, CEO Andrew S. Clark sold 54,076 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total transaction of $749,493.36. Following the completion of the sale, the chief executive officer now owns 146,807 shares in the company, valued at approximately $2,034,745.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Russell Sakamoto sold 5,796 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $14.89, for a total transaction of $86,302.44. Following the sale, the insider now owns 14,885 shares of the company’s stock, valued at approximately $221,637.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,096 shares of company stock valued at $899,578. 41.50% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in BPI. American International Group Inc. increased its position in shares of Bridgepoint Education by 7.1% in 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 last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Bridgepoint Education during the fourth quarter worth approximately $118,000. Valley National Advisers Inc. increased its position in shares of Bridgepoint Education by 45.1% in 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 last quarter. Brandes Investment Partners LP increased its position in shares of Bridgepoint Education by 14.6% in the first quarter. Brandes Investment Partners LP now owns 12,891 shares of the company’s stock worth $138,000 after buying an additional 1,646 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of Bridgepoint Education during the first quarter worth approximately $148,000. Institutional investors own 91.77% 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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