Bridgepoint Education Inc. (BPI) Sees Unusually-High Trading Volume
Bridgepoint Education Inc. (NYSE:BPI) shares saw an uptick in trading volume on Friday . 73,870 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 74,812 shares.The stock last traded at $8.17 and had previously closed at $7.81.
A number of brokerages recently weighed in on BPI. Zacks Investment Research lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. TheStreet lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Monday, June 6th.
The firm’s market capitalization is $375.57 million. The company has a 50 day moving average price of $7.44 and a 200-day moving average price of $8.10.
Bridgepoint Education (NYSE:BPI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. During the same quarter in the previous year, the company earned ($0.01) EPS. The business had revenue of $137.97 million for the quarter, compared to analyst estimates of $141.50 million. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that Bridgepoint Education Inc. will post $0.22 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Bridgepoint Education stock. Schroder Investment Management Group raised its position in 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 at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.