Bridgepoint Education, Inc. (NYSE:BPI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

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. “

Separately, BidaskClub cut Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th.

Bridgepoint Education (NYSE BPI) traded up 2.16% during trading on Tuesday, reaching $13.72. The company had a trading volume of 244,117 shares. The firm’s 50 day moving average is $14.26 and its 200-day moving average is $11.68. Bridgepoint Education has a 12 month low of $5.38 and a 12 month high of $15.85. The company’s market capitalization is $394.96 million.

Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.23 EPS for the quarter. The company had revenue of $129.49 million for the quarter, compared to analysts’ expectations of $125 million. Bridgepoint Education had a positive return on equity of 7.58% and a negative net margin of 1.92%. On average, equities analysts expect that Bridgepoint Education will post $0.66 earnings per share for the current year.

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In related news, CEO Andrew S. Clark sold 54,076 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $13.86, for a total value of $749,493.36. Following the transaction, the chief executive officer now owns 146,807 shares in the company, valued at $2,034,745.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Russell Sakamoto sold 4,224 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $15.10, for a total value of $63,782.40. Following the completion of the transaction, the chief accounting officer now owns 4,865 shares in the company, valued at approximately $73,461.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,096 shares of company stock worth $899,578. 41.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its position in Bridgepoint Education by 7.1% in the first 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 during the period. Brandes Investment Partners LP boosted its position in Bridgepoint Education by 14.6% in the first quarter. Brandes Investment Partners LP now owns 12,891 shares of the company’s stock valued at $138,000 after buying an additional 1,646 shares during the period. Bank of New York Mellon Corp boosted its position in Bridgepoint Education by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 86,258 shares of the company’s stock valued at $921,000 after buying an additional 3,292 shares during the period. Geode Capital Management LLC boosted its position in Bridgepoint Education by 3.1% in the first quarter. Geode Capital Management LLC now owns 113,792 shares of the company’s stock valued at $1,214,000 after buying an additional 3,396 shares during the period. Finally, Valley National Advisers Inc. boosted its position in Bridgepoint Education by 45.1% in the first quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock valued at $118,000 after buying an additional 3,440 shares during the period. Institutional investors and hedge funds own 91.77% 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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