First Trust Advisors LP Trims Holdings in Bridgepoint Education, Inc. (BPI)
First Trust Advisors LP lessened its position in Bridgepoint Education, Inc. (NYSE:BPI) by 8.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,852 shares of the company’s stock after selling 1,258 shares during the period. First Trust Advisors LP’s holdings in Bridgepoint Education were worth $190,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in BPI. Acadian Asset Management LLC boosted its position in shares of Bridgepoint Education by 396.8% during the second quarter. Acadian Asset Management LLC now owns 631,692 shares of the company’s stock valued at $9,325,000 after buying an additional 504,545 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Bridgepoint Education by 25.7% during the first quarter. Schroder Investment Management Group now owns 1,093,548 shares of the company’s stock valued at $11,690,000 after buying an additional 223,452 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bridgepoint Education by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,716,608 shares of the company’s stock valued at $18,316,000 after buying an additional 104,839 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Bridgepoint Education by 6.2% during the first quarter. Vanguard Group Inc. now owns 1,469,422 shares of the company’s stock valued at $15,679,000 after buying an additional 85,909 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Bridgepoint Education by 218.2% during the second quarter. Russell Investments Group Ltd. now owns 115,056 shares of the company’s stock valued at $1,698,000 after buying an additional 78,892 shares during the last quarter. 92.80% of the stock is currently owned by institutional investors.
Bridgepoint Education, Inc. (NYSE:BPI) opened at 9.60 on Friday. The company’s 50 day moving average price is $9.10 and its 200 day moving average price is $11.81. Bridgepoint Education, Inc. has a 12 month low of $6.34 and a 12 month high of $15.85. The stock’s market cap is $279.24 million.
Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The company had revenue of $124.58 million for the quarter, compared to the consensus estimate of $127.00 million. During the same period last year, the business earned $0.12 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. Equities analysts forecast that Bridgepoint Education, Inc. will post $0.64 EPS for the current fiscal year.
In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $8.83, for a total transaction of $477,482.25. Following the sale, the chief executive officer now directly owns 146,806 shares in the company, valued at approximately $1,296,296.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of the stock in a transaction 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 disclosure for this sale can be found here. 41.50% of the stock is owned by company insiders.
Several brokerages recently issued reports on BPI. Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.00 target price on shares of Bridgepoint Education in a research report on Friday, July 28th. BidaskClub cut Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, ValuEngine cut Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Bridgepoint Education has a consensus rating of “Hold” and an average target price of $14.00.
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Bridgepoint Education Company 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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