Bridgepoint Education’s (NYSE:BPI) “Hold” Rating Reaffirmed at Piper Jaffray Companies
Piper Jaffray Companies reiterated their hold rating on shares of Bridgepoint Education, Inc. (NYSE:BPI) in a report released on Friday morning. Piper Jaffray Companies currently has a $14.00 target price on the stock.
A number of other research firms have also issued reports on BPI. Zacks Investment Research lowered shares of Bridgepoint Education from a strong-buy rating to a hold rating in a report on Tuesday, July 4th. BidaskClub lowered shares of Bridgepoint Education from a strong-buy rating to a buy rating in a report on Thursday, July 6th. Finally, ValuEngine raised shares of Bridgepoint Education from a hold rating to a buy rating in a report on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.00.
Bridgepoint Education (BPI) opened at 9.71 on Friday. The company’s 50-day moving average is $13.68 and its 200 day moving average is $12.13. The stock’s market capitalization is $282.44 million. Bridgepoint Education has a 1-year low of $5.38 and a 1-year high of $15.85.
Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $124.58 million for the quarter, compared to analyst estimates of $127 million. Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Equities analysts predict that Bridgepoint Education will post $0.55 earnings per share for the current year.
In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,076 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total transaction of $749,493.36. Following the sale, the chief executive officer now owns 146,807 shares of the company’s stock, valued at $2,034,745.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Russell Sakamoto sold 5,796 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $14.89, for a total transaction of $86,302.44. Following the sale, the insider now directly owns 14,885 shares in the company, valued at approximately $221,637.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,096 shares of company stock worth $899,578. 41.50% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Bridgepoint Education by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,769 shares of the company’s stock worth $16,328,000 after buying an additional 54,721 shares during the period. Nationwide Fund Advisors raised its position in Bridgepoint Education by 38.7% in the first quarter. Nationwide Fund Advisors now owns 43,891 shares of the company’s stock worth $468,000 after buying an additional 12,251 shares during the period. State Street Corp raised its position in Bridgepoint Education by 4.6% in the fourth quarter. State Street Corp now owns 274,676 shares of the company’s stock worth $2,780,000 after buying an additional 12,149 shares during the period. Schroder Investment Management Group raised its position in Bridgepoint Education by 25.7% in the first quarter. Schroder Investment Management Group now owns 1,093,548 shares of the company’s stock worth $11,690,000 after buying an additional 223,452 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Bridgepoint Education during the first quarter worth $241,000. Institutional investors and hedge funds own 91.27% of the company’s stock.
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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