BlackRock Inc. grew its holdings in Bridgepoint Education Inc (NYSE:BPI) by 72.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 686,929 shares of the company’s stock after purchasing an additional 287,914 shares during the quarter. BlackRock Inc. owned about 2.55% of Bridgepoint Education worth $6,979,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Bridgepoint Education by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,124,741 shares of the company’s stock worth $13,875,000 after acquiring an additional 128,602 shares during the period. Renaissance Technologies LLC lifted its position in Bridgepoint Education by 27.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,094,558 shares of the company’s stock worth $7,147,000 after buying an additional 236,400 shares in the last quarter. Millennium Management LLC lifted its position in Bridgepoint Education by 1.3% during the 2nd quarter. Millennium Management LLC now owns 609,077 shares of the company’s stock worth $3,977,000 after buying an additional 7,855 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Bridgepoint Education during the 3rd quarter worth about $3,679,000. Finally, JPMorgan Chase & Co. lifted its position in Bridgepoint Education by 1,199.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 181,616 shares of the company’s stock worth $1,846,000 after buying an additional 167,635 shares in the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.
BPI has been the topic of several analyst reports. Barrington Research reissued a “buy” rating on shares of Bridgepoint Education in a research report on Tuesday, January 8th. TheStreet cut shares of Bridgepoint Education from a “b-” rating to a “c+” rating in a research report on Tuesday, November 27th. ValuEngine raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Zacks Investment Research cut shares of Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 14th.
Shares of BPI opened at $9.21 on Tuesday. Bridgepoint Education Inc has a 52 week low of $5.31 and a 52 week high of $13.63. The stock has a market capitalization of $240.48 million, a P/E ratio of 15.61, a P/E/G ratio of 1.44 and a beta of 2.16.
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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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