Alambic Investment Management L.P. reduced its position in Bridgepoint Education Inc (NYSE:BPI) by 25.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 204,893 shares of the company’s stock after selling 71,347 shares during the quarter. Alambic Investment Management L.P.’s holdings in Bridgepoint Education were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Engineers Gate Manager LP lifted its stake in shares of Bridgepoint Education by 22.9% in the 2nd quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock valued at $156,000 after purchasing an additional 4,455 shares during the period. First Trust Advisors LP lifted its stake in shares of Bridgepoint Education by 18.8% in the 2nd quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock valued at $202,000 after purchasing an additional 4,914 shares during the period. California State Teachers Retirement System lifted its stake in shares of Bridgepoint Education by 35.4% in the 1st quarter. California State Teachers Retirement System now owns 39,974 shares of the company’s stock valued at $269,000 after purchasing an additional 10,445 shares during the period. Chicago Equity Partners LLC lifted its stake in shares of Bridgepoint Education by 10.5% in the 1st quarter. Chicago Equity Partners LLC now owns 147,334 shares of the company’s stock valued at $993,000 after purchasing an additional 14,050 shares during the period. Finally, A.R.T. Advisors LLC lifted its stake in shares of Bridgepoint Education by 90.7% in the 1st quarter. A.R.T. Advisors LLC now owns 36,593 shares of the company’s stock valued at $246,000 after purchasing an additional 17,400 shares during the period. Hedge funds and other institutional investors own 77.72% of the company’s stock.

Several research firms recently issued reports on BPI. TheStreet upgraded shares of Bridgepoint Education from a “c” rating to a “b-” rating in a research note on Friday, August 10th. ValuEngine upgraded shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research raised shares of Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a report on Monday, July 30th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $13.50.

Shares of NYSE BPI opened at $10.74 on Friday. The firm has a market capitalization of $300.11 million, a P/E ratio of 18.20, a P/E/G ratio of 1.74 and a beta of 2.44. Bridgepoint Education Inc has a one year low of $5.31 and a one year high of $13.63.

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

About Bridgepoint Education

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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