Zacks Investment Research Upgrades Bridgepoint Education (BPI) to “Hold”

Zacks Investment Research upgraded shares of Bridgepoint Education (NYSE:BPI) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

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. “

Several other analysts also recently issued reports on the stock. ValuEngine downgraded shares of Bridgepoint Education from a sell rating to a strong sell rating in a report on Wednesday, May 2nd. Barrington Research reaffirmed a buy rating on shares of Bridgepoint Education in a report on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.25.

Shares of Bridgepoint Education opened at $6.55 on Tuesday, according to MarketBeat.com. Bridgepoint Education has a twelve month low of $5.31 and a twelve month high of $14.16. The stock has a market cap of $178.89 million, a price-to-earnings ratio of 21.10, a P/E/G ratio of 2.78 and a beta of 2.08.

Bridgepoint Education (NYSE:BPI) last issued its earnings results on Tuesday, May 1st. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.11). Bridgepoint Education had a return on equity of 7.03% and a net margin of 0.63%. The company had revenue of $118.00 million for the quarter, compared to analyst estimates of $118.50 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. equities analysts anticipate that Bridgepoint Education will post 0.24 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Schroder Investment Management Group lifted its holdings in shares of Bridgepoint Education by 8.5% in the first quarter. Schroder Investment Management Group now owns 3,467,557 shares of the company’s stock valued at $23,371,000 after purchasing an additional 271,272 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bridgepoint Education by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,996,139 shares of the company’s stock valued at $13,454,000 after purchasing an additional 118,238 shares in the last quarter. BlackRock Inc. lifted 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 valued at $10,682,000 after purchasing an additional 380,124 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Bridgepoint Education by 27.3% in the first quarter. State Treasurer State of Michigan now owns 1,353,331 shares of the company’s stock valued at $9,121,000 after purchasing an additional 290,375 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Bridgepoint Education by 19.7% in the fourth 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. 81.19% 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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