Bridgepoint Education (BPI) Cut to Hold at Zacks Investment Research

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Zacks Investment Research cut shares of Bridgepoint Education (NYSE:BPI) from a buy rating to a hold rating in a research report sent to investors 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. “

BPI has been the topic of several other research reports. TheStreet raised shares of Bridgepoint Education from a c rating to a b- rating in a report on Friday, August 10th. ValuEngine raised shares of Bridgepoint Education from a sell rating to a hold rating in a report on Thursday, July 26th. Finally, Barrington Research reissued a buy rating and issued a $15.00 target price on shares of Bridgepoint Education in a report on Wednesday, September 12th.

Shares of BPI stock traded down $2.14 during mid-day trading on Wednesday, hitting $7.82. The company had a trading volume of 1,004,566 shares, compared to its average volume of 123,834. Bridgepoint Education has a 52-week low of $5.31 and a 52-week high of $13.63. The company has a market capitalization of $265.02 million, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.53 and a beta of 2.24.

Bridgepoint Education (NYSE:BPI) last released its earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, topping the 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 firm had revenue of $114.86 million for the quarter, compared to the consensus estimate of $117.25 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts expect that Bridgepoint Education will post 0.64 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BPI. Engineers Gate Manager LP raised its stake in Bridgepoint Education by 22.9% during the second quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock valued at $156,000 after purchasing an additional 4,455 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Bridgepoint Education during the third quarter valued at $197,000. First Trust Advisors LP raised its stake in Bridgepoint Education by 18.8% during the second quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock valued at $202,000 after purchasing an additional 4,914 shares in the last quarter. Trexquant Investment LP raised its stake in Bridgepoint Education by 108.5% during the third quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock valued at $261,000 after purchasing an additional 13,344 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Bridgepoint Education by 35.4% during the first quarter. California State Teachers Retirement System now owns 39,974 shares of the company’s stock valued at $269,000 after purchasing an additional 10,445 shares in the last quarter. 73.23% of the stock is currently owned by institutional investors.

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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