Bridgepoint Education Inc (NYSE:BPI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. Bridgepoint Education’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $15.00 for the company and are predicting that the company will post ($0.13) earnings per share for the current quarter, according to Zacks. Zacks has also given Bridgepoint Education an industry rank of 115 out of 265 based on the ratings given to related companies.
Several brokerages recently issued reports on BPI. Zacks Investment Research raised Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 target price on shares of Bridgepoint Education in a research report on Friday, October 27th.
Bridgepoint Education (NYSE:BPI) last announced its earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $121.95 million. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. Bridgepoint Education’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. analysts predict that Bridgepoint Education will post 0.61 earnings per share for the current fiscal year.
Bridgepoint Education announced that its Board of Directors has approved a share buyback program on Friday, November 17th that allows the company to buyback 2,100,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through a private placement purchase. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 7,562,890 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total value of $59,746,831.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew S. Clark sold 54,075 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $9.10, for a total value of $492,082.50. Following the completion of the sale, the chief executive officer now owns 146,806 shares in the company, valued at $1,335,934.60. The disclosure for this sale can be found here. Company insiders own 41.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its stake in shares of Bridgepoint Education by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,063 shares of the company’s stock valued at $1,241,000 after buying an additional 399 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Bridgepoint Education by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,403 shares of the company’s stock valued at $242,000 after buying an additional 1,071 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Bridgepoint Education by 60.5% in the third quarter. Wedge Capital Management L L P NC now owns 17,525 shares of the company’s stock valued at $168,000 after buying an additional 6,606 shares during the period. New York State Common Retirement Fund raised its stake in shares of Bridgepoint Education by 44.8% in the second quarter. New York State Common Retirement Fund now owns 22,300 shares of the company’s stock valued at $329,000 after buying an additional 6,899 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Bridgepoint Education in the third quarter valued at $108,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.
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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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