Schroder Investment Management Group cut its position in shares of Bridgepoint Education, Inc. (NYSE:BPI) by 19.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 878,054 shares of the company’s stock after selling 215,494 shares during the quarter. Schroder Investment Management Group owned 3.02% of Bridgepoint Education worth $13,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Bridgepoint Education by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,716,608 shares of the company’s stock worth $18,316,000 after buying an additional 104,839 shares in the last quarter. Vanguard Group Inc. grew its position in Bridgepoint Education by 6.2% during the first quarter. Vanguard Group Inc. now owns 1,469,422 shares of the company’s stock worth $15,679,000 after buying an additional 85,909 shares in the last quarter. Renaissance Technologies LLC grew its position in Bridgepoint Education by 5.2% during the first quarter. Renaissance Technologies LLC now owns 1,308,658 shares of the company’s stock worth $13,963,000 after buying an additional 64,200 shares in the last quarter. Acadian Asset Management LLC grew its position in Bridgepoint Education by 396.8% during the second quarter. Acadian Asset Management LLC now owns 631,692 shares of the company’s stock worth $9,325,000 after buying an additional 504,545 shares in the last quarter. Finally, Donald Smith & CO. Inc. grew its position in Bridgepoint Education by 24.6% during the first quarter. Donald Smith & CO. Inc. now owns 528,108 shares of the company’s stock worth $5,635,000 after buying an additional 104,348 shares in the last quarter. 92.80% of the stock is currently owned by institutional investors and hedge funds.

Bridgepoint Education, Inc. (NYSE BPI) opened at 8.86 on Friday. The company’s market cap is $257.72 million. Bridgepoint Education, Inc. has a 52 week low of $6.34 and a 52 week high of $15.85. The firm’s 50-day moving average is $9.15 and its 200-day moving average is $11.78.

Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $124.58 million during the quarter, compared to analyst estimates of $127.00 million. During the same quarter last year, the company posted $0.12 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. On average, analysts expect that Bridgepoint Education, Inc. will post $0.64 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub downgraded Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies reissued a “hold” rating and set a $16.00 target price on shares of Bridgepoint Education in a research report on Friday, July 21st. Finally, ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/16/schroder-investment-management-group-sells-215494-shares-of-bridgepoint-education-inc-bpi.html.

In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $8.83, for a total transaction of $477,482.25. Following the transaction, the chief executive officer now owns 146,806 shares in the company, valued at approximately $1,296,296.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $9.00, for a total transaction of $18,678,555.00. The disclosure for this sale can be found here. Corporate insiders own 41.50% of the company’s stock.

About Bridgepoint Education

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.

Want to see what other hedge funds are holding BPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bridgepoint Education, Inc. (NYSE:BPI).

Institutional Ownership by Quarter for Bridgepoint Education (NYSE:BPI)

Receive News & Stock Ratings for Bridgepoint Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education Inc. and related stocks with our FREE daily email newsletter.