Dimensional Fund Advisors LP raised its position in shares of Bridgepoint Education Inc (NYSE:BPI) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,234,399 shares of the company’s stock after purchasing an additional 109,658 shares during the quarter. Dimensional Fund Advisors LP owned about 8.23% of Bridgepoint Education worth $22,701,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Bridgepoint Education by 1,199.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 181,616 shares of the company’s stock worth $1,846,000 after acquiring an additional 167,635 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Bridgepoint Education during the 3rd quarter worth $197,000. Renaissance Technologies LLC boosted its stake 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 worth $7,147,000 after acquiring an additional 236,400 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Bridgepoint Education during the 3rd quarter worth $3,679,000. Finally, Paloma Partners Management Co bought a new stake in shares of Bridgepoint Education during the 2nd quarter worth $841,000. 82.26% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on BPI. Zacks Investment Research raised Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $9.25 price objective for the company in a research note on Tuesday, November 13th. Barrington Research reissued a “buy” rating on shares of Bridgepoint Education in a research note on Tuesday. ValuEngine raised Bridgepoint Education from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, TheStreet lowered Bridgepoint Education from a “b-” rating to a “c+” rating in a research note on Tuesday, November 27th.
BPI opened at $7.68 on Friday. The firm has a market capitalization of $211.71 million, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.27 and a beta of 2.10. Bridgepoint Education Inc has a 12-month low of $5.31 and a 12-month high of $13.63.
Bridgepoint Education (NYSE:BPI) last released its earnings results on Thursday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. The company had revenue of $114.86 million during the quarter, compared to analyst estimates of $117.25 million. Bridgepoint Education had a return on equity of 13.35% and a net margin of 3.96%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. As a group, sell-side analysts expect that Bridgepoint Education Inc will post 0.71 EPS for the current fiscal year.
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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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