Bridgepoint Education (BPI) Receives Buy Rating from Barrington Research

Bridgepoint Education (NYSE:BPI)‘s stock had its “buy” rating restated by stock analysts at Barrington Research in a research note issued to investors on Wednesday.

The analysts wrote, “We expect the company to report Q4/17 non‐GAAP EPS of $0.08, which is in line with the FactSet consensus of $0.08. Our forecast represents an improvement from a $0.04 loss in the year‐ago period. The comparable period was negatively impacted by spending delays in the U.K., which resulted in a significant decline in labor utilization rates.””

A number of other equities research analysts have also commented on BPI. Zacks Investment Research lowered Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. ValuEngine lowered Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Bridgepoint Education has an average rating of “Hold” and a consensus target price of $11.25.

Bridgepoint Education (NYSE:BPI) traded down $0.07 during midday trading on Wednesday, reaching $7.28. The company had a trading volume of 65,192 shares, compared to its average volume of 194,981. The company has a market cap of $195.54, a price-to-earnings ratio of 30.33, a PEG ratio of 1.89 and a beta of 2.10. Bridgepoint Education has a 1-year low of $5.71 and a 1-year high of $15.85.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. boosted its position in Bridgepoint Education by 137.5% in the 4th quarter. Macquarie Group Ltd. now owns 26,604 shares of the company’s stock valued at $221,000 after buying an additional 15,400 shares during the last quarter. Jane Street Group LLC bought a new position in Bridgepoint Education in the 4th quarter valued at $224,000. Millennium Management LLC boosted its position in Bridgepoint Education by 19.7% in the 4th quarter. Millennium Management LLC now owns 799,409 shares of the company’s stock valued at $6,635,000 after buying an additional 131,623 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Bridgepoint Education by 49.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 263,402 shares of the company’s stock valued at $2,186,000 after buying an additional 86,801 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Bridgepoint Education by 672.5% in the 4th quarter. Two Sigma Investments LP now owns 337,116 shares of the company’s stock valued at $2,798,000 after buying an additional 293,478 shares during the last quarter. Hedge funds and other institutional investors own 85.18% 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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