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

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 topic of several other reports. ValuEngine upgraded Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $13.00 price target on shares of Bridgepoint Education in a research report on Friday, October 27th.

Bridgepoint Education (NYSE BPI) traded down $0.06 on Monday, reaching $8.56. The company had a trading volume of 104,600 shares, compared to its average volume of 310,444. Bridgepoint Education has a 12-month low of $7.53 and a 12-month high of $15.85. The firm has a market cap of $250.27, a PE ratio of 61.15, a P/E/G ratio of 1.73 and a beta of 2.17.

Bridgepoint Education (NYSE:BPI) last posted its earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The firm had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $121.95 million. During the same period last year, the firm earned $0.09 EPS. The firm’s revenue was down 12.6% compared to the same quarter last year. equities research analysts predict that Bridgepoint Education will post 0.61 EPS for the current fiscal year.

Bridgepoint Education declared that its Board of Directors has initiated a stock repurchase plan on Friday, November 17th that permits the company to buyback 2,100,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through a private placement purchase. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

In other news, Director Pincus Private Equity Warburg sold 7,562,890 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total transaction of $59,746,831.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew S. Clark sold 54,075 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $9.10, for a total value of $492,082.50. Following the sale, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at $1,335,934.60. The disclosure for this sale can be found here. 41.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of Bridgepoint Education by 158.1% during the 2nd quarter. Prudential Financial Inc. now owns 35,759 shares of the company’s stock worth $528,000 after acquiring an additional 21,902 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Bridgepoint Education by 50.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 131,350 shares of the company’s stock worth $1,939,000 after acquiring an additional 43,980 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Bridgepoint Education by 76.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 163,601 shares of the company’s stock worth $2,415,000 after acquiring an additional 70,873 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Bridgepoint Education by 61.8% in the second quarter. Nationwide Fund Advisors now owns 70,998 shares of the company’s stock worth $1,048,000 after buying an additional 27,107 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Bridgepoint Education by 585.1% in the second quarter. Wells Fargo & Company MN now owns 82,552 shares of the company’s stock worth $1,219,000 after buying an additional 70,503 shares during the period. 88.39% of the stock is owned by institutional investors and hedge funds.

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About Bridgepoint Education

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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