Zacks Investment Research upgraded shares of Bridgepoint Education, Inc. (NYSE:BPI) from a sell rating to a hold rating in a research note published on Tuesday morning.
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. “
A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of Bridgepoint Education from a buy rating to a hold rating in a report on Friday, September 1st. BidaskClub lowered shares of Bridgepoint Education from a hold rating to a sell rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies reiterated a hold rating and set a $14.00 price objective on shares of Bridgepoint Education in a report on Friday, July 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $14.00.
Bridgepoint Education (NYSE:BPI) opened at 8.66 on Tuesday. The company’s 50 day moving average is $9.81 and its 200 day moving average is $11.83. The stock’s market cap is $251.90 million. Bridgepoint Education has a 12 month low of $5.38 and a 12 month high of $15.85.
Bridgepoint Education (NYSE:BPI) last released its 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. The firm had revenue of $124.58 million during the quarter, compared to the consensus estimate of $127 million. Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. Bridgepoint Education’s revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, analysts anticipate that Bridgepoint Education will post $0.64 EPS for the current fiscal year.
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In related news, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $9.00, for a total transaction of $18,678,555.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction dated Tuesday, August 15th. The shares were 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 approximately $1,296,296.98. The disclosure for this sale can be found here. Insiders have sold a total of 2,183,546 shares of company stock valued at $19,905,531 in the last quarter. 41.50% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its holdings in Bridgepoint Education by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,063 shares of the company’s stock valued at $1,241,000 after buying an additional 399 shares in the last quarter. American International Group Inc. lifted its holdings in Bridgepoint Education by 7.1% during the 1st quarter. American International Group Inc. now owns 10,991 shares of the company’s stock valued at $117,000 after buying an additional 728 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Bridgepoint Education by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,403 shares of the company’s stock valued at $242,000 after buying an additional 1,071 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in Bridgepoint Education by 14.6% during the 1st quarter. Brandes Investment Partners LP now owns 12,891 shares of the company’s stock valued at $138,000 after buying an additional 1,646 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in Bridgepoint Education by 21.9% during the 2nd quarter. Valley National Advisers Inc. now owns 13,480 shares of the company’s stock valued at $199,000 after buying an additional 2,420 shares in the last quarter. Institutional investors own 92.80% of the company’s stock.
Bridgepoint Education Company Profile
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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