Bridgepoint Education, Inc. (NYSE:BPI) – Stock analysts at Barrington Research cut their Q4 2017 EPS estimates for Bridgepoint Education in a research note issued to investors on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the company will earn ($0.14) per share for the quarter, down from their previous forecast of ($0.05). Barrington Research also issued estimates for Bridgepoint Education’s Q4 2018 earnings at ($0.02) EPS.
BPI has been the topic of several other reports. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a report on Friday, July 28th. BidaskClub cut Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 target price on shares of Bridgepoint Education in a report on Friday. Finally, Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.00.
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Bridgepoint Education (NYSE BPI) traded up 0.62% during mid-day trading on Monday, hitting $9.69. The company had a trading volume of 39,013 shares. Bridgepoint Education has a 52 week low of $6.34 and a 52 week high of $15.85. The firm’s 50 day moving average is $9.48 and its 200 day moving average is $11.64. The company’s market capitalization is $281.86 million.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of BPI. Russell Investments Group Ltd. bought a new stake in Bridgepoint Education during the first quarter worth approximately $386,000. Bank of New York Mellon Corp increased its stake in Bridgepoint Education by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 86,258 shares of the company’s stock worth $921,000 after acquiring an additional 3,292 shares during the last quarter. Prudential Financial Inc. bought a new stake in Bridgepoint Education during the first quarter worth approximately $148,000. American International Group Inc. increased its stake in Bridgepoint Education by 7.1% during the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock worth $117,000 after acquiring an additional 728 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Bridgepoint Education by 11.7% during the first quarter. Teachers Advisors LLC now owns 72,828 shares of the company’s stock worth $777,000 after acquiring an additional 7,645 shares during the last quarter. 91.73% of the stock is currently owned by institutional investors.
In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $8.83, for a total transaction of $477,482.25. Following the sale, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at $1,296,296.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $9.00, for a total value of $18,678,555.00. The disclosure for this sale can be found here. Insiders own 41.50% of the company’s stock.
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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