Bridgepoint Education, Inc. (NYSE:BPI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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 brokerages also recently issued reports on BPI. BidaskClub downgraded Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies reiterated a “hold” rating and set a $16.00 price objective on shares of Bridgepoint Education in a research report on Friday, July 21st. Finally, ValuEngine upgraded Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Bridgepoint Education has an average rating of “Hold” and an average target price of $14.00.
Shares of Bridgepoint Education (NYSE BPI) traded down 3.94% during trading on Tuesday, hitting $8.54. The stock had a trading volume of 211,790 shares. The firm’s market cap is $248.41 million. The firm’s 50-day moving average is $10.36 and its 200-day moving average is $11.85. Bridgepoint Education has a one year low of $5.38 and a one year high of $15.85.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data 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 business had revenue of $124.58 million for the quarter, compared to analyst estimates of $127 million. Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. The business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Equities research analysts forecast that Bridgepoint Education will post $0.64 EPS for the current year.
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In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,076 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $13.86, for a total value of $749,493.36. Following the completion of the sale, the chief executive officer now directly owns 146,807 shares in the company, valued at $2,034,745.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Clark sold 54,075 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $8.83, for a total value of $477,482.25. Following the completion of 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. Over the last quarter, insiders have sold 2,183,546 shares of company stock valued at $19,905,531. Insiders own 41.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. lifted its position in 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 purchasing an additional 728 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Bridgepoint Education in the fourth quarter worth approximately $118,000. Valley National Advisers Inc. lifted its position in 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 purchasing an additional 3,440 shares during the period. Brandes Investment Partners LP lifted its position in 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 purchasing an additional 1,646 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Bridgepoint Education in the first quarter worth approximately $148,000. Hedge funds and other 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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