Bridgepoint Education, Inc. (BPI) Position Lifted by Strs Ohio
Strs Ohio increased its position in shares of Bridgepoint Education, Inc. (NYSE:BPI) by 59.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,800 shares of the company’s stock after acquiring an additional 26,400 shares during the quarter. Strs Ohio owned about 0.24% of Bridgepoint Education worth $679,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BPI. Acadian Asset Management LLC boosted its stake in Bridgepoint Education by 396.8% during the 2nd quarter. Acadian Asset Management LLC now owns 631,692 shares of the company’s stock worth $9,325,000 after acquiring an additional 504,545 shares during the last quarter. AJO LP bought a new position in Bridgepoint Education in the second quarter valued at approximately $3,596,000. Renaissance Technologies LLC lifted its stake in Bridgepoint Education by 15.2% in the second quarter. Renaissance Technologies LLC now owns 1,507,558 shares of the company’s stock valued at $22,252,000 after buying an additional 198,900 shares in the last quarter. Chicago Equity Partners LLC bought a new position in Bridgepoint Education in the second quarter valued at approximately $2,685,000. Finally, OxFORD Asset Management LLP lifted its stake in Bridgepoint Education by 524.3% in the second quarter. OxFORD Asset Management LLP now owns 190,033 shares of the company’s stock valued at $2,805,000 after buying an additional 159,592 shares in the last quarter. 91.47% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $9.00, for a total value of $18,678,555.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education 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 owns 146,806 shares in the company, valued at $1,296,296.98. The disclosure for this sale can be found here. Insiders own 41.50% of the company’s stock.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.00 price target on shares of Bridgepoint Education in a research note on Friday, July 21st. BidaskClub lowered shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Bridgepoint Education has an average rating of “Hold” and an average price target of $13.00.
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Bridgepoint Education, Inc. (NYSE:BPI) opened at $9.31 on Wednesday. Bridgepoint Education, Inc. has a one year low of $6.45 and a one year high of $15.85. The firm has a market cap of $284.47, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.59 and a beta of 2.21.
Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. The firm had revenue of $119.40 million for the quarter, compared to analyst estimates of $121.95 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was down 12.6% on a year-over-year basis. equities analysts predict that Bridgepoint Education, Inc. will post 0.62 earnings per share for the current fiscal year.
Bridgepoint Education 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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