Bridgepoint Education (BPI) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of Bridgepoint Education (NYSE:BPI) from a hold rating to a sell rating in a report published on Monday, April 2nd.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Bridgepoint Education from a hold rating to a buy rating and set a $9.50 price objective on the stock in a research report on Tuesday, January 16th. Barrington Research reiterated a buy rating on shares of Bridgepoint Education in a research report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Bridgepoint Education presently has an average rating of Hold and an average price target of $11.25.

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BPI opened at $6.08 on Monday. Bridgepoint Education has a 12 month low of $5.71 and a 12 month high of $15.85. The company has a market capitalization of $165.66, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 1.61 and a beta of 2.07.

Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.03). The firm had revenue of $105.00 million during the quarter, compared to the consensus estimate of $109.10 million. Bridgepoint Education had a net margin of 2.20% and a return on equity of 13.58%. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. analysts predict that Bridgepoint Education will post 0.38 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its position in shares of Bridgepoint Education by 137.5% in the fourth quarter. Macquarie Group Ltd. now owns 26,604 shares of the company’s stock valued at $221,000 after acquiring an additional 15,400 shares during the period. Jane Street Group LLC bought a new stake in shares of Bridgepoint Education during the 4th quarter valued at about $224,000. Millennium Management LLC boosted its stake in shares of Bridgepoint Education by 19.7% during the 4th quarter. Millennium Management LLC now owns 799,409 shares of the company’s stock valued at $6,635,000 after purchasing an additional 131,623 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Bridgepoint Education by 49.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 263,402 shares of the company’s stock valued at $2,186,000 after purchasing an additional 86,801 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Bridgepoint Education by 672.5% during the 4th quarter. Two Sigma Investments LP now owns 337,116 shares of the company’s stock valued at $2,798,000 after purchasing an additional 293,478 shares in the last quarter. Hedge funds and other institutional investors own 85.18% of the company’s stock.

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Bridgepoint Education Company Profile

Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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