First Trust Advisors LP lifted its position in shares of Bridgepoint Education Inc (NYSE:BPI) by 18.8% during the second quarter, HoldingsChannel reports. The firm owned 31,000 shares of the company’s stock after acquiring an additional 4,914 shares during the period. First Trust Advisors LP’s holdings in Bridgepoint Education were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BPI. BlackRock Inc. raised its position in Bridgepoint Education by 31.5% in the first quarter. BlackRock Inc. now owns 1,585,066 shares of the company’s stock worth $10,682,000 after acquiring an additional 380,124 shares during the period. Schroder Investment Management Group raised its position in Bridgepoint Education by 8.5% in the first quarter. Schroder Investment Management Group now owns 3,467,557 shares of the company’s stock worth $23,371,000 after acquiring an additional 271,272 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Bridgepoint Education in the first quarter worth about $910,000. Dimensional Fund Advisors LP raised its position in Bridgepoint Education by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,996,139 shares of the company’s stock worth $13,454,000 after acquiring an additional 118,238 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Bridgepoint Education in the first quarter worth about $430,000. 77.72% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on BPI. ValuEngine lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Bridgepoint Education in a research report on Wednesday, September 12th. Finally, TheStreet raised shares of Bridgepoint Education from a “c” rating to a “b-” rating in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.

Shares of BPI stock opened at $10.00 on Thursday. The stock has a market capitalization of $269.61 million, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.56 and a beta of 2.44. Bridgepoint Education Inc has a 52 week low of $5.31 and a 52 week high of $13.63.

Bridgepoint Education (NYSE:BPI) last posted its earnings results on Wednesday, July 25th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.38. The firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $114.30 million. Bridgepoint Education had a net margin of 3.00% and a return on equity of 12.93%. The company’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. equities analysts forecast that Bridgepoint Education Inc will post 0.64 EPS for the current year.

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

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