Zacks Investment Research lowered shares of Bridgepoint Education, Inc. (NYSE:BPI) from a hold rating to a sell rating in a research report sent to investors on Tuesday, July 11th.

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. “

Separately, BidaskClub lowered Bridgepoint Education from a strong-buy rating to a buy rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $14.00.

Shares of Bridgepoint Education (NYSE BPI) opened at 9.76 on Tuesday. The stock’s market cap is $283.90 million. Bridgepoint Education has a 12-month low of $5.38 and a 12-month high of $15.85. The stock’s 50 day moving average is $13.56 and its 200-day moving average is $12.12.

Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $124.58 million during the quarter, compared to analyst estimates of $127 million. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. Equities analysts anticipate that Bridgepoint Education will post $0.64 EPS for the current fiscal year.

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In other news, insider Russell Sakamoto sold 5,796 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $14.89, for a total transaction of $86,302.44. Following the completion of the sale, the insider now directly owns 14,885 shares of the company’s stock, valued at $221,637.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew S. Clark sold 54,076 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total value of $749,493.36. Following the sale, the chief executive officer now directly owns 146,807 shares of the company’s stock, valued at $2,034,745.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,096 shares of company stock valued at $899,578. 41.50% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in BPI. Renaissance Technologies LLC increased its stake in shares of Bridgepoint Education by 15.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,244,458 shares of the company’s stock valued at $12,606,000 after buying an additional 164,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bridgepoint Education by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,769 shares of the company’s stock valued at $16,328,000 after buying an additional 54,721 shares in the last quarter. Two Sigma Investments LP raised its position in Bridgepoint Education by 16.6% in the fourth quarter. Two Sigma Investments LP now owns 127,856 shares of the company’s stock valued at $1,295,000 after buying an additional 18,243 shares during the last quarter. Nationwide Fund Advisors raised its position in Bridgepoint Education by 38.7% in the first quarter. Nationwide Fund Advisors now owns 43,891 shares of the company’s stock valued at $468,000 after buying an additional 12,251 shares during the last quarter. Finally, State Street Corp raised its position in Bridgepoint Education by 4.6% in the fourth quarter. State Street Corp now owns 274,676 shares of the company’s stock valued at $2,780,000 after buying an additional 12,149 shares during the last quarter. 91.27% of the stock is owned by institutional investors and hedge funds.

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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