Bridgepoint Education, Inc. (BPI) Shares Bought by PDT Partners LLC
PDT Partners LLC increased its holdings in shares of Bridgepoint Education, Inc. (NYSE:BPI) by 172.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 38,200 shares of the company’s stock after purchasing an additional 24,200 shares during the period. PDT Partners LLC owned approximately 0.13% of Bridgepoint Education worth $564,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of BPI. Teachers Advisors LLC lifted its position in shares of Bridgepoint Education by 80.3% during the 4th quarter. Teachers Advisors LLC now owns 65,183 shares of the company’s stock worth $660,000 after purchasing an additional 29,029 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Bridgepoint Education by 38.7% during the 1st quarter. Nationwide Fund Advisors now owns 43,891 shares of the company’s stock worth $468,000 after purchasing an additional 12,251 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Bridgepoint Education during the 1st quarter worth about $386,000. Bank of New York Mellon Corp lifted its position in shares of Bridgepoint Education by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 86,258 shares of the company’s stock worth $921,000 after purchasing an additional 3,292 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Bridgepoint Education during the 1st quarter worth about $148,000. 92.80% of the stock is owned by institutional investors and hedge funds.
Bridgepoint Education, Inc. (NYSE BPI) opened at 9.96 on Friday. The company’s market capitalization is $289.72 million. Bridgepoint Education, Inc. has a 52 week low of $6.34 and a 52 week high of $15.85. The company’s 50-day moving average price is $9.07 and its 200 day moving average price is $11.76.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The company had revenue of $124.58 million for the quarter, compared to analyst estimates of $127.00 million. Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. The company’s revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. On average, analysts predict that Bridgepoint Education, Inc. will post $0.64 EPS for the current year.
In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 146,806 shares in the company, valued at $1,296,296.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of the firm’s 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. Company insiders own 41.50% of the company’s stock.
BPI has been the subject of several research analyst reports. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub cut 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 price objective on shares of Bridgepoint Education in a research report on Friday, July 21st. Finally, Zacks Investment Research cut Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.00.
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.
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