Zacks Investment Research downgraded shares of Bridgepoint Education (NYSE:BPI) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

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. “

BPI has been the subject of a number of other reports. TheStreet downgraded Bridgepoint Education from a b- rating to a c+ rating in a research note on Tuesday, November 27th. Barrington Research set a $15.00 price target on Bridgepoint Education and gave the company a buy rating in a research note on Saturday, December 15th. Finally, ValuEngine upgraded Bridgepoint Education from a strong sell rating to a sell rating in a research note on Wednesday, January 2nd.

Shares of NYSE:BPI opened at $6.55 on Wednesday. Bridgepoint Education has a fifty-two week low of $5.31 and a fifty-two week high of $13.63. The stock has a market capitalization of $178.00 million, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.25 and a beta of 2.22.

Bridgepoint Education (NYSE:BPI) last issued its earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.11). The business had revenue of $94.71 million during the quarter, compared to analysts’ expectations of $102.20 million. Bridgepoint Education had a return on equity of 11.78% and a net margin of 2.32%. As a group, equities analysts forecast that Bridgepoint Education will post 0.56 earnings per share for the current year.

In other Bridgepoint Education news, Director Robert D. Hartman sold 5,925 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $10.37, for a total transaction of $61,442.25. Following the completion of the sale, the director now directly owns 66,871 shares in the company, valued at approximately $693,452.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 31.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Bridgepoint Education by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 197,004 shares of the company’s stock valued at $1,380,000 after purchasing an additional 4,819 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Bridgepoint Education by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,246,419 shares of the company’s stock valued at $15,747,000 after purchasing an additional 12,020 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Bridgepoint Education during the 4th quarter valued at about $227,000. D. E. Shaw & Co. Inc. grew its stake in shares of Bridgepoint Education by 1.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,215,973 shares of the company’s stock valued at $8,524,000 after purchasing an additional 19,143 shares during the period. Finally, Nantahala Capital Management LLC grew its stake in shares of Bridgepoint Education by 21.6% during the 4th quarter. Nantahala Capital Management LLC now owns 2,348,865 shares of the company’s stock valued at $16,466,000 after purchasing an additional 416,731 shares during the period. Institutional investors and hedge funds own 80.99% of the company’s stock.

Bridgepoint Education Company Profile

Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.

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