Vanguard Group Inc. boosted its position in Bridgepoint Education Inc (NYSE:BPI) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,216,242 shares of the company’s stock after buying an additional 13,355 shares during the period. Vanguard Group Inc. owned approximately 4.48% of Bridgepoint Education worth $12,357,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Bridgepoint Education by 36.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 27,066 shares of the company’s stock valued at $275,000 after purchasing an additional 7,232 shares during the last quarter. First Trust Advisors LP raised its stake in Bridgepoint Education by 32.2% in the 3rd quarter. First Trust Advisors LP now owns 40,991 shares of the company’s stock valued at $416,000 after purchasing an additional 9,991 shares during the last quarter. Trexquant Investment LP raised its stake in Bridgepoint Education by 108.5% in the 3rd quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock valued at $261,000 after purchasing an additional 13,344 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Bridgepoint Education in the 3rd quarter valued at $197,000. Finally, Ibex Investors LLC purchased a new stake in Bridgepoint Education in the 3rd quarter valued at $206,000. Hedge funds and other institutional investors own 80.99% of the company’s stock.
Shares of NYSE BPI traded down $0.35 during mid-day trading on Monday, reaching $6.20. 616,727 shares of the company’s stock were exchanged, compared to its average volume of 217,412. Bridgepoint Education Inc has a 52-week low of $5.31 and a 52-week high of $13.63. The stock has a market cap of $178.00 million, a PE ratio of 13.19, a P/E/G ratio of 1.25 and a beta of 2.22.
Bridgepoint Education (NYSE:BPI) last announced its earnings results on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). Bridgepoint Education had a net margin of 2.32% and a return on equity of 11.78%. The firm had revenue of $94.71 million for the quarter, compared to analysts’ expectations of $102.20 million. Analysts expect that Bridgepoint Education Inc will post 0.56 EPS for the current fiscal year.
Several brokerages have issued reports on BPI. Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. ValuEngine cut Bridgepoint Education from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. Barrington Research reiterated a “buy” rating on shares of Bridgepoint Education in a report on Tuesday, January 8th. Finally, TheStreet cut Bridgepoint Education from a “b-” rating to a “c+” rating in a report on Tuesday, November 27th.
In related news, Director Robert D. Hartman sold 5,925 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $10.37, for a total transaction of $61,442.25. Following the completion of the transaction, the director now directly owns 66,871 shares in the company, valued at approximately $693,452.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 31.90% of the company’s stock.
Bridgepoint Education Company Profile
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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