Nationwide Fund Advisors reduced its holdings in Bridgepoint Education Inc (NYSE:BPI) by 53.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,798 shares of the company’s stock after selling 38,200 shares during the quarter. Nationwide Fund Advisors owned approximately 0.11% of Bridgepoint Education worth $315,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio lifted its holdings in Bridgepoint Education by 59.5% during the 3rd quarter. Strs Ohio now owns 70,800 shares of the company’s stock worth $679,000 after buying an additional 26,400 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Bridgepoint Education by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,403 shares of the company’s stock valued at $242,000 after acquiring an additional 1,071 shares during the last quarter. State Street Corp raised its position in shares of Bridgepoint Education by 14.9% during the 2nd quarter. State Street Corp now owns 322,378 shares of the company’s stock valued at $4,755,000 after acquiring an additional 41,767 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Bridgepoint Education during the 2nd quarter valued at $480,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Bridgepoint Education by 50.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 131,350 shares of the company’s stock valued at $1,939,000 after buying an additional 43,980 shares in the last quarter. 88.39% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Thursday, November 23rd. ValuEngine upgraded shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $13.00 price objective on shares of Bridgepoint Education in a research note on Friday, October 27th.
Shares of Bridgepoint Education Inc (NYSE:BPI) opened at $7.95 on Friday. The stock has a market cap of $232.44, a P/E ratio of 56.79, a price-to-earnings-growth ratio of 1.70 and a beta of 2.17. Bridgepoint Education Inc has a 1 year low of $7.53 and a 1 year high of $15.85.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. The firm had revenue of $119.40 million during the quarter, compared to the consensus estimate of $121.95 million. During the same period last year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. equities research analysts forecast that Bridgepoint Education Inc will post 0.61 EPS for the current fiscal year.
Bridgepoint Education declared that its Board of Directors has approved a share repurchase program on Friday, November 17th that allows the company to buyback 2,100,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through a private placement purchase. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the firm’s stock in a transaction that occurred 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 owns 146,806 shares in the company, valued at $1,335,934.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pincus Private Equity Warburg sold 7,562,890 shares of the firm’s stock in a transaction that occurred 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. 41.50% of the stock is currently owned by company insiders.
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Bridgepoint Education 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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