Zacks Investment Research cut shares of Bridgepoint Education (NYSE:BPI) from a strong-buy rating to a hold rating in a report issued on Wednesday.

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 subject of a number of other reports. 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 issued a $15.00 price target on shares of Bridgepoint Education in a research report on Wednesday, September 12th.

Shares of NYSE BPI traded up $0.06 during midday trading on Wednesday, reaching $8.32. The company’s stock had a trading volume of 5,028 shares, compared to its average volume of 241,655. Bridgepoint Education has a fifty-two week low of $5.31 and a fifty-two week high of $13.63. The company has a market cap of $221.21 million, a price-to-earnings ratio of 14.10, a PEG ratio of 1.25 and a beta of 2.24.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. Bridgepoint Education had a net margin of 3.96% and a return on equity of 13.35%. The company had revenue of $114.86 million during the quarter, compared to the consensus estimate of $117.25 million. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts predict that Bridgepoint Education will post 0.65 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in Bridgepoint Education by 31.5% during the first quarter. BlackRock Inc. now owns 1,585,066 shares of the company’s stock valued at $10,682,000 after purchasing an additional 380,124 shares in the last quarter. Northern Trust Corp raised its position in Bridgepoint Education by 20.3% during the first quarter. Northern Trust Corp now owns 286,843 shares of the company’s stock valued at $1,934,000 after purchasing an additional 48,429 shares in the last quarter. LMR Partners LLP acquired a new position in Bridgepoint Education during the second quarter valued at approximately $302,000. Renaissance Technologies LLC raised its position in Bridgepoint Education by 27.5% during the second quarter. Renaissance Technologies LLC now owns 1,094,558 shares of the company’s stock valued at $7,147,000 after purchasing an additional 236,400 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Bridgepoint Education during the second quarter valued at approximately $841,000. Institutional investors and hedge funds own 75.00% 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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