Zacks: Bridgepoint Education (BPI) Given Average Recommendation of “Buy” by Brokerages

Shares of Bridgepoint Education (NYSE:BPI) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12 month consensus price target of $11.50 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Bridgepoint Education an industry rank of 82 out of 265 based on the ratings given to its competitors.

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Several brokerages have weighed in on BPI. ValuEngine lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, Barrington Research reaffirmed a “buy” rating on shares of Bridgepoint Education in a research note on Wednesday, March 14th.

A number of hedge funds have recently made changes to their positions in BPI. Schroder Investment Management Group boosted its stake in Bridgepoint Education by 257.1% during the fourth quarter. Schroder Investment Management Group now owns 3,196,285 shares of the company’s stock worth $26,529,000 after buying an additional 2,301,188 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bridgepoint Education by 2,303.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 377,306 shares of the company’s stock valued at $3,132,000 after purchasing an additional 361,606 shares during the period. Two Sigma Investments LP boosted its stake in shares of Bridgepoint Education by 672.5% in the fourth quarter. Two Sigma Investments LP now owns 337,116 shares of the company’s stock valued at $2,798,000 after purchasing an additional 293,478 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Bridgepoint Education in the fourth quarter valued at approximately $2,209,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Bridgepoint Education by 178.3% in the fourth quarter. Two Sigma Advisers LP now owns 296,596 shares of the company’s stock valued at $2,462,000 after purchasing an additional 190,038 shares during the period. 85.18% of the stock is owned by institutional investors.

BPI stock traded down $0.19 during mid-day trading on Friday, hitting $6.39. 78,160 shares of the company were exchanged, compared to its average volume of 157,897. The firm has a market cap of $178.70, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.73 and a beta of 2.07. Bridgepoint Education has a 12-month low of $5.71 and a 12-month high of $15.85.

Bridgepoint Education (NYSE:BPI) last announced its earnings results on Wednesday, February 21st. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.03). The company had revenue of $105.00 million for the quarter, compared to analysts’ expectations of $109.10 million. Bridgepoint Education had a return on equity of 13.58% and a net margin of 2.20%. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. sell-side analysts anticipate that Bridgepoint Education will post 0.38 EPS for the current fiscal year.

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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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