Zacks Investment Research downgraded shares of Bridgepoint Education (NYSE:BPI) from a buy rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “Bridgepoint Education, Inc. provides postsecondary education services. It offers associate’s, bachelor’s, master’s, and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences. The Company delivers its programs online, as well as at its traditional campuses located in Clinton, Iowa and Colorado Springs, Colorado. Headquartered in San Diego, California, the company was founded on the principle that those who are academically prepared deserve access to an affordable higher education without sacrificing quality, transferability of credits, accessibility and academic standards. “
Other equities research analysts also recently issued reports about the company. ValuEngine raised Bridgepoint Education from a sell rating to a hold rating in a report on Thursday, July 26th. TheStreet raised Bridgepoint Education from a c rating to a b- rating in a report on Friday, August 10th. Finally, Barrington Research reissued a buy rating and issued a $15.00 price objective on shares of Bridgepoint Education in a report on Wednesday, September 12th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP lifted its holdings in shares of Bridgepoint Education by 22.9% during the second quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock worth $156,000 after purchasing an additional 4,455 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Bridgepoint Education during the third quarter worth $197,000. First Trust Advisors LP lifted its holdings in shares of Bridgepoint Education by 18.8% during the second quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock worth $202,000 after purchasing an additional 4,914 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Bridgepoint Education by 35.4% during the first quarter. California State Teachers Retirement System now owns 39,974 shares of the company’s stock worth $269,000 after purchasing an additional 10,445 shares during the period. Finally, LMR Partners LLP acquired a new stake in shares of Bridgepoint Education during the second quarter worth $302,000. 73.23% of the stock is owned by hedge funds and other institutional investors.
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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