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 Monday 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. “

A number of other research analysts also recently commented on BPI. ValuEngine upgraded Bridgepoint Education from a hold rating to a buy rating in a research report on Monday, October 2nd. Piper Jaffray Companies reiterated a hold rating and set a $13.00 target price on shares of Bridgepoint Education in a research report on Friday, October 27th.

Bridgepoint Education (NYSE BPI) traded down $0.26 during midday trading on Monday, hitting $7.95. The stock had a trading volume of 130,000 shares, compared to its average volume of 266,767. The company has a market cap of $240.04, a P/E ratio of 56.79, a P/E/G ratio of 1.66 and a beta of 2.17. Bridgepoint Education has a 52-week low of $7.53 and a 52-week high of $15.85.

Bridgepoint Education (NYSE:BPI) last posted its earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $119.40 million during the quarter, compared to the consensus estimate of $121.95 million. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. sell-side analysts predict that Bridgepoint Education will post 0.61 earnings per share for the current fiscal year.

Bridgepoint Education announced that its board has authorized a stock buyback plan on Friday, November 17th that authorizes the company to buyback 2,100,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through a private placement purchase. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

In related news, CEO Andrew S. Clark sold 54,075 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $9.10, for a total transaction of $492,082.50. Following the sale, the chief executive officer now owns 146,806 shares in the company, valued at approximately $1,335,934.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pincus Private Equity Warburg sold 7,562,890 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $7.90, for a total value of $59,746,831.00. The disclosure for this sale can be found here. Corporate insiders own 41.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new stake in Bridgepoint Education during the 3rd quarter valued at $108,000. Highbridge Capital Management LLC purchased a new stake in Bridgepoint Education during the 3rd quarter valued at $122,000. Wedge Capital Management L L P NC raised its holdings in Bridgepoint Education by 60.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 17,525 shares of the company’s stock valued at $168,000 after buying an additional 6,606 shares during the period. Alliancebernstein L.P. purchased a new stake in Bridgepoint Education in the second quarter worth $176,000. Finally, PEAK6 Investments L.P. purchased a new stake in Bridgepoint Education in the third quarter worth $232,000. Institutional investors own 88.39% of the company’s stock.

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Bridgepoint Education Company Profile

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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