Bridgepoint Education Inc. (BPI) Trading Up 2.7%
Bridgepoint Education Inc. (NYSE:BPI)’s share price was up 2.7% on Wednesday . The stock traded as high as $7.75 and last traded at $7.74, with a volume of 61,455 shares trading hands. The stock had previously closed at $7.54.
Several equities analysts recently weighed in on BPI shares. Zacks Investment Research upgraded shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Monday, June 6th.
The stock’s market cap is $357.98 million. The company has a 50-day moving average price of $7.40 and a 200 day moving average price of $8.09.
Bridgepoint Education (NYSE:BPI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The firm had revenue of $137.97 million for the quarter, compared to analyst estimates of $141.50 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. Equities research analysts expect that Bridgepoint Education Inc. will post $0.22 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Bridgepoint Education stock. Schroder Investment Management Group increased its stake in shares of Bridgepoint Education Inc. (NYSE:BPI) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 476,137 shares of the company’s stock after buying an additional 77,219 shares during the period. Schroder Investment Management Group owned approximately 1.04% of Bridgepoint Education worth $3,623,000 as of its most recent filing with the SEC.
Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies, which offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the campuses located in Iowa and Colorado, respectively.
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