Bridgepoint Education Inc (BPI) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group cut its position in shares of Bridgepoint Education Inc (NYSE:BPI) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,421,829 shares of the company’s stock after selling 45,728 shares during the quarter. Schroder Investment Management Group owned 12.68% of Bridgepoint Education worth $22,755,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of BPI. Nantahala Capital Management LLC increased its position in shares of Bridgepoint Education by 200.5% during the 2nd quarter. Nantahala Capital Management LLC now owns 2,126,338 shares of the company’s stock valued at $13,885,000 after purchasing an additional 1,418,699 shares during the period. BlackRock Inc. increased its position in shares of Bridgepoint Education by 31.5% during the 1st quarter. BlackRock Inc. now owns 1,585,066 shares of the company’s stock valued at $10,682,000 after purchasing an additional 380,124 shares during the period. Putnam Investments LLC acquired a new position in shares of Bridgepoint Education during the 2nd quarter valued at $1,717,000. Renaissance Technologies LLC increased its position in shares of Bridgepoint Education by 27.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,094,558 shares of the company’s stock valued at $7,147,000 after purchasing an additional 236,400 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Bridgepoint Education during the 1st quarter valued at $910,000. Institutional investors own 77.72% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research raised Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. TheStreet raised Bridgepoint Education from a “c” rating to a “b-” rating in a research note on Friday, August 10th. Finally, Barrington Research reissued a “buy” rating and set a $15.00 price objective on shares of Bridgepoint Education in a research note on Wednesday, September 12th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.00.
Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data 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 business had revenue of $120.80 million during the quarter, compared to analyst estimates of $114.30 million. Bridgepoint Education had a return on equity of 12.93% and a net margin of 3.00%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. research analysts anticipate that Bridgepoint Education Inc will post 0.64 earnings per share for the current year.
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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