Bridgepoint Education (NYSE:BPI) Raised to Hold at ValuEngine

Bridgepoint Education (NYSE:BPI) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Bridgepoint Education from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, October 9th. TheStreet lowered Bridgepoint Education from a “b-” rating to a “c+” rating in a research report on Tuesday, November 27th. Finally, Barrington Research set a $15.00 price target on Bridgepoint Education and gave the company a “buy” rating in a research report on Saturday, December 15th.

Shares of BPI traded up $0.09 during midday trading on Monday, reaching $10.40. The stock had a trading volume of 147,529 shares, compared to its average volume of 132,307. Bridgepoint Education has a 12-month low of $5.31 and a 12-month high of $13.63. The stock has a market capitalization of $282.26 million, a P/E ratio of 17.63, a PEG ratio of 1.63 and a beta of 2.16.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Bridgepoint Education by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,246,419 shares of the company’s stock worth $15,747,000 after acquiring an additional 12,020 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Bridgepoint Education in the 4th quarter worth approximately $227,000. D. E. Shaw & Co. Inc. raised its position in shares of Bridgepoint Education by 1.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,215,973 shares of the company’s stock worth $8,524,000 after acquiring an additional 19,143 shares in the last quarter. Nantahala Capital Management LLC raised its position in shares of Bridgepoint Education by 21.6% in the 4th quarter. Nantahala Capital Management LLC now owns 2,348,865 shares of the company’s stock worth $16,466,000 after acquiring an additional 416,731 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Bridgepoint Education in the 4th quarter worth approximately $101,000. 82.88% of the stock is owned by hedge funds and other institutional investors.

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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