Barrington Research Reiterates “Buy” Rating for Bridgepoint Education (BPI)

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Barrington Research reaffirmed their buy rating on shares of Bridgepoint Education (NYSE:BPI) in a research report report published on Tuesday.

BPI has been the subject of several other reports. TheStreet cut shares of Bridgepoint Education from a b- rating to a c+ rating in a research note on Tuesday, November 27th. Zacks Investment Research cut shares of Bridgepoint Education from a buy rating to a hold rating in a research note on Wednesday, November 7th. Finally, ValuEngine cut shares of Bridgepoint Education from a sell rating to a strong sell rating in a research note on Saturday, November 10th.

BPI stock remained flat at $$7.68 during midday trading on Tuesday. 95,050 shares of the company’s stock traded hands, compared to its average volume of 112,350. The stock has a market cap of $211.71 million, a PE ratio of 13.02, a P/E/G ratio of 1.27 and a beta of 2.10. Bridgepoint Education has a 12-month low of $5.31 and a 12-month high of $13.63.

Bridgepoint Education (NYSE:BPI) last released its earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $114.86 million during the quarter, compared to analysts’ expectations of $117.25 million. Bridgepoint Education had a net margin of 3.96% and a return on equity of 13.35%. Bridgepoint Education’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. As a group, analysts predict that Bridgepoint Education will post 0.71 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc grew its stake in shares of Bridgepoint Education by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 1,216,242 shares of the company’s stock valued at $12,357,000 after buying an additional 13,355 shares during the period. Vanguard Group Inc. grew its stake in shares of Bridgepoint Education by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,216,242 shares of the company’s stock valued at $12,357,000 after buying an additional 13,355 shares during the period. Morgan Stanley grew its stake in shares of Bridgepoint Education by 105.6% during the 3rd quarter. Morgan Stanley now owns 391,620 shares of the company’s stock valued at $3,978,000 after buying an additional 201,183 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in shares of Bridgepoint Education by 5.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 419,436 shares of the company’s stock valued at $4,261,000 after buying an additional 22,613 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Bridgepoint Education during the 3rd quarter valued at $457,000. 82.26% of the stock is owned by institutional investors.

About Bridgepoint Education

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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