Morgan Stanley Sells 168,245 Shares of Bridgepoint Education, Inc. (BPI)
Morgan Stanley decreased its position in Bridgepoint Education, Inc. (NYSE:BPI) by 52.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,285 shares of the company’s stock after selling 168,245 shares during the period. Morgan Stanley owned 0.33% of Bridgepoint Education worth $1,636,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. raised its position in shares of Bridgepoint Education by 7.1% in the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock worth $117,000 after buying an additional 728 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of Bridgepoint Education during the fourth quarter worth $118,000. Valley National Advisers Inc. raised its position in shares of Bridgepoint Education by 45.1% in the first quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock worth $118,000 after buying an additional 3,440 shares during the period. Brandes Investment Partners LP raised its position in shares of Bridgepoint Education by 14.6% in the first quarter. Brandes Investment Partners LP now owns 12,891 shares of the company’s stock worth $138,000 after buying an additional 1,646 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of Bridgepoint Education during the first quarter worth $148,000. Institutional investors own 92.80% of the company’s stock.
Shares of Bridgepoint Education, Inc. (BPI) traded up 0.68% during trading on Friday, hitting $8.89. The stock had a trading volume of 214,911 shares. Bridgepoint Education, Inc. has a 52 week low of $5.38 and a 52 week high of $15.85. The company’s market capitalization is $258.59 million. The company’s 50 day moving average price is $10.36 and its 200 day moving average price is $11.85.
Bridgepoint Education (NYSE:BPI) last issued its earnings results on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The business had revenue of $124.58 million for the quarter, compared to the consensus estimate of $127 million. During the same period in the previous year, the firm earned $0.12 EPS. The company’s revenue was down 9.7% compared to the same quarter last year. Analysts predict that Bridgepoint Education, Inc. will post $0.64 earnings per share for the current year.
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BPI has been the topic of a number of recent research reports. BidaskClub lowered Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine upgraded Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $14.00 target price on shares of Bridgepoint Education in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Bridgepoint Education currently has an average rating of “Hold” and a consensus target price of $14.00.
In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 2,075,395 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $9.00, for a total transaction of $18,678,555.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Clark sold 54,076 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total transaction of $749,493.36. Following the sale, the chief executive officer now directly owns 146,807 shares in the company, valued at approximately $2,034,745.02. The disclosure for this sale can be found here. Insiders have sold a total of 2,183,546 shares of company stock worth $19,905,531 in the last three months. Insiders own 41.50% of the company’s stock.
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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