Bridgepoint Education (NYSE:BPI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
A number of other equities research analysts also recently issued reports on the company. ValuEngine upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Barrington Research restated a “buy” rating on shares of Bridgepoint Education in a research note on Tuesday, January 8th. Finally, TheStreet downgraded Bridgepoint Education from a “b-” rating to a “c+” rating in a research note on Tuesday, November 27th.
Several institutional investors have recently added to or reduced their stakes in BPI. PEAK6 Investments LLC grew its stake in shares of Bridgepoint Education by 34.3% during the 4th quarter. PEAK6 Investments LLC now owns 13,428 shares of the company’s stock valued at $94,000 after purchasing an additional 3,428 shares during the period. Brandywine Global Investment Management LLC bought a new position in shares of Bridgepoint Education during the 4th quarter valued at approximately $101,000. Russell Investments Group Ltd. bought a new position in shares of Bridgepoint Education during the 3rd quarter valued at approximately $197,000. Ibex Investors LLC bought a new position in shares of Bridgepoint Education during the 3rd quarter valued at approximately $206,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Bridgepoint Education during the 4th quarter valued at approximately $227,000. Institutional investors and hedge funds own 82.88% of the company’s stock.
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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