Bridgepoint Education Inc (BPI) Position Raised by Schroder Investment Management Group
Schroder Investment Management Group raised its holdings in shares of Bridgepoint Education Inc (NYSE:BPI) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 895,097 shares of the company’s stock after buying an additional 17,043 shares during the period. Schroder Investment Management Group owned about 3.07% of Bridgepoint Education worth $8,673,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in BPI. AJO LP acquired a new position in Bridgepoint Education during the second quarter valued at approximately $3,596,000. Renaissance Technologies LLC lifted its position in Bridgepoint Education by 15.2% during the second quarter. Renaissance Technologies LLC now owns 1,507,558 shares of the company’s stock valued at $22,252,000 after buying an additional 198,900 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Bridgepoint Education during the second quarter valued at approximately $2,685,000. OxFORD Asset Management LLP lifted its position in Bridgepoint Education by 524.3% during the second quarter. OxFORD Asset Management LLP now owns 190,033 shares of the company’s stock valued at $2,805,000 after buying an additional 159,592 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in Bridgepoint Education during the second quarter valued at approximately $1,637,000. 88.47% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. ValuEngine raised shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price target on shares of Bridgepoint Education in a research report on Friday, October 27th.
Bridgepoint Education Inc (NYSE:BPI) opened at $9.01 on Friday. Bridgepoint Education Inc has a 12-month low of $8.18 and a 12-month high of $15.85. The company has a market cap of $265.77, a price-to-earnings ratio of 13.37, a PEG ratio of 1.49 and a beta of 2.17.
Bridgepoint Education (NYSE:BPI) last posted its earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. The business had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $121.95 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. research analysts anticipate that Bridgepoint Education Inc will post 0.61 EPS for the current fiscal year.
Bridgepoint Education announced that its board has initiated a stock repurchase plan on Friday, November 17th that authorizes the company to repurchase 2,100,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through a private placement purchase. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In related news, CEO Andrew S. Clark sold 54,075 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $9.10, for a total value of $492,082.50. Following the sale, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at $1,335,934.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pincus Private Equity Warburg sold 7,562,890 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $7.90, for a total transaction of $59,746,831.00. The disclosure for this sale can be found here. Insiders own 41.50% of the company’s stock.
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About Bridgepoint Education
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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