Bridgepoint Education, Inc. (NYSE:BPI) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research firms have also commented on BPI. BidaskClub lowered Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $16.00 target price on shares of Bridgepoint Education in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Bridgepoint Education currently has a consensus rating of “Hold” and an average price target of $14.00.

Shares of Bridgepoint Education (BPI) traded up 4.38% during mid-day trading on Monday, reaching $10.02. The company had a trading volume of 322,189 shares. The firm has a 50 day moving average of $8.97 and a 200-day moving average of $11.79. The stock’s market capitalization is $291.46 million. Bridgepoint Education has a one year low of $6.34 and a one year high of $15.85.

Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings results 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). Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. The business had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $127.00 million. During the same quarter in the prior year, the business earned $0.12 EPS. The company’s revenue was down 9.7% compared to the same quarter last year. Analysts forecast that Bridgepoint Education will post $0.64 EPS for the current fiscal year.

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In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $8.83, for a total value of $477,482.25. Following the completion of the transaction, the chief executive officer now directly owns 146,806 shares in the company, valued at $1,296,296.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $9.00, for a total transaction of $18,678,555.00. The disclosure for this sale can be found here. 41.50% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. American International Group Inc. lifted its stake in shares of Bridgepoint Education by 7.1% during the 1st quarter. American International Group Inc. now owns 10,991 shares of the company’s stock valued at $117,000 after buying an additional 728 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in Bridgepoint Education by 45.1% in the 1st quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock worth $118,000 after buying an additional 3,440 shares during the period. Prudential Financial Inc. bought a new position in Bridgepoint Education in the 1st quarter worth $148,000. Campbell & CO Investment Adviser LLC bought a new position in Bridgepoint Education in the 2nd quarter worth $152,000. Finally, Bank of America Corp DE boosted its holdings in Bridgepoint Education by 542.3% in the 1st quarter. Bank of America Corp DE now owns 15,761 shares of the company’s stock worth $168,000 after buying an additional 13,307 shares during the period. Hedge funds and other institutional investors own 92.80% of the company’s stock.

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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