Bridgepoint Education, Inc. (NYSE:BPI) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Bridgepoint Education, Inc. (NYSE:BPI) from a strong-buy rating to a hold rating in a report published on Tuesday, July 4th.

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. “

Shares of Bridgepoint Education (NYSE BPI) traded down 2.74% on Tuesday, reaching $13.14. 159,014 shares of the company were exchanged. Bridgepoint Education has a 12 month low of $5.38 and a 12 month high of $15.85. The stock’s market capitalization is $378.26 million. The stock has a 50 day moving average price of $14.07 and a 200-day moving average price of $12.10.

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

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In other news, CAO Russell Sakamoto sold 4,224 shares of Bridgepoint Education stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $15.10, for a total value of $63,782.40. Following the sale, the chief accounting officer now directly owns 4,865 shares in the company, valued at approximately $73,461.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew S. Clark sold 54,076 shares of Bridgepoint Education 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 owns 146,807 shares in the company, valued at $2,034,745.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,096 shares of company stock worth $899,578. 41.50% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Bridgepoint Education by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,716,608 shares of the company’s stock valued at $18,316,000 after buying an additional 104,839 shares during the period. Vanguard Group Inc. increased its position in Bridgepoint Education by 6.2% in the first quarter. Vanguard Group Inc. now owns 1,469,422 shares of the company’s stock valued at $15,679,000 after buying an additional 85,909 shares during the period. Renaissance Technologies LLC increased its position in Bridgepoint Education by 5.2% in the first quarter. Renaissance Technologies LLC now owns 1,308,658 shares of the company’s stock valued at $13,963,000 after buying an additional 64,200 shares during the period. Schroder Investment Management Group increased its position in Bridgepoint Education by 25.7% in the first quarter. Schroder Investment Management Group now owns 1,093,548 shares of the company’s stock valued at $11,690,000 after buying an additional 223,452 shares during the period. Finally, Donald Smith & CO. Inc. increased its position in Bridgepoint Education by 24.6% in the first quarter. Donald Smith & CO. Inc. now owns 528,108 shares of the company’s stock valued at $5,635,000 after buying an additional 104,348 shares during the period. Institutional investors own 91.78% 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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