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

Zacks Investment Research downgraded shares of Bridgepoint Education (NYSE:BPI) from a strong-buy rating to a hold rating in a research report released 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. “

A number of other equities analysts also recently commented on BPI. ValuEngine raised shares of Bridgepoint Education from a sell rating to a hold rating in a report on Thursday, July 26th. Barrington Research reaffirmed a buy rating and issued a $15.00 price objective on shares of Bridgepoint Education in a report on Wednesday, September 12th. Finally, TheStreet raised shares of Bridgepoint Education from a c rating to a b- rating in a report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Bridgepoint Education has an average rating of Hold and a consensus price target of $14.00.

Bridgepoint Education stock opened at $10.45 on Tuesday. The firm has a market capitalization of $269.61 million, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.56 and a beta of 2.44. Bridgepoint Education has a 12 month low of $5.31 and a 12 month high of $13.63.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.38. The firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $114.30 million. Bridgepoint Education had a net margin of 3.00% and a return on equity of 12.93%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. equities analysts forecast that Bridgepoint Education will post 0.64 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in BPI. Nantahala Capital Management LLC boosted its holdings in shares of Bridgepoint Education by 200.5% during the second quarter. Nantahala Capital Management LLC now owns 2,126,338 shares of the company’s stock valued at $13,885,000 after acquiring an additional 1,418,699 shares during the period. BlackRock Inc. boosted its holdings in shares of 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 acquiring an additional 380,124 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Bridgepoint Education by 8.5% during the first quarter. Schroder Investment Management Group now owns 3,467,557 shares of the company’s stock valued at $23,371,000 after acquiring an additional 271,272 shares during the period. Putnam Investments LLC acquired a new position in shares of Bridgepoint Education during the second quarter valued at $1,717,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of 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 acquiring an additional 236,400 shares during the period. 77.72% of the stock is owned by institutional investors.

About Bridgepoint Education

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.

Further Reading: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on Bridgepoint Education (BPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bridgepoint Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply