Bridgepoint Education, Inc. (BPI) Upgraded at Zacks Investment Research

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.

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. “

BPI has been the topic of a number of other research reports. Piper Jaffray Companies reissued a hold rating and set a $14.00 target price on shares of Bridgepoint Education in a research report on Friday, July 28th. BidaskClub downgraded shares of Bridgepoint Education from a buy rating to a hold rating in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Bridgepoint Education from a buy rating to a hold rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $14.00.

Shares of Bridgepoint Education (NYSE BPI) opened at 8.55 on Tuesday. The company’s 50-day moving average is $9.67 and its 200 day moving average is $11.81. The company’s market cap is $248.70 million. Bridgepoint Education has a 1-year low of $5.38 and a 1-year high of $15.85.

Bridgepoint Education (NYSE:BPI) last posted its earnings results on Wednesday, July 26th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $127 million. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. Equities analysts anticipate that Bridgepoint Education will post $0.64 EPS for the current year.

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In other news, CEO Andrew S. Clark sold 54,076 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total value of $749,493.36. Following the sale, the chief executive officer now directly owns 146,807 shares in the company, valued at approximately $2,034,745.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold a total of 2,183,546 shares of company stock worth $19,905,531 over the last 90 days. Company insiders own 41.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in shares of Bridgepoint Education by 7.1% in 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. UBS Asset Management Americas Inc. bought a new stake in shares of Bridgepoint Education in the 4th quarter valued at about $118,000. Valley National Advisers Inc. boosted its holdings in shares of Bridgepoint Education by 45.1% in the 1st quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock valued at $118,000 after buying an additional 3,440 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Bridgepoint Education by 14.6% in 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, Prudential Financial Inc. bought a new stake in shares of Bridgepoint Education in the 1st quarter valued at about $148,000. Institutional investors and hedge funds 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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