Bridgepoint Education (BPI) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Bridgepoint Education (NYSE:BPI) from a buy rating to a hold rating in a report released on Wednesday 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 research firms have also recently weighed in on BPI. TheStreet upgraded shares of Bridgepoint Education from a c rating to a b- rating in a research report on Friday, August 10th. ValuEngine upgraded shares of Bridgepoint Education from a sell rating to a hold rating in a research report on Thursday, July 26th. Finally, Barrington Research reiterated a buy rating and set a $15.00 price objective on shares of Bridgepoint Education in a research report on Wednesday, September 12th.

BPI stock traded down $2.14 during mid-day trading on Wednesday, reaching $7.82. 1,004,566 shares of the stock traded hands, compared to its average volume of 123,834. Bridgepoint Education has a one year low of $5.31 and a one year high of $13.63. The stock has a market capitalization of $265.02 million, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.53 and a beta of 2.24.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. Bridgepoint Education had a net margin of 3.00% and a return on equity of 12.93%. The business had revenue of $114.86 million for the quarter, compared to analysts’ expectations of $117.25 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Equities research analysts forecast that Bridgepoint Education will post 0.64 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Bridgepoint Education by 31.5% in the first quarter. BlackRock Inc. now owns 1,585,066 shares of the company’s stock worth $10,682,000 after purchasing an additional 380,124 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Bridgepoint Education by 20.3% in the first quarter. Northern Trust Corp now owns 286,843 shares of the company’s stock worth $1,934,000 after purchasing an additional 48,429 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Bridgepoint Education by 27.5% in the second quarter. Renaissance Technologies LLC now owns 1,094,558 shares of the company’s stock worth $7,147,000 after purchasing an additional 236,400 shares during the last quarter. LMR Partners LLP bought a new position in shares of Bridgepoint Education in the second quarter worth about $302,000. Finally, Paloma Partners Management Co bought a new position in shares of Bridgepoint Education in the second quarter worth about $841,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.

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.

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