Marshall Wace North America L.P. purchased a new stake in Bridgepoint Education, Inc. (NYSE:BPI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,034 shares of the company’s stock, valued at approximately $601,000. Marshall Wace North America L.P. owned 0.14% of Bridgepoint Education at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BPI. UBS Asset Management Americas Inc. acquired a new position in Bridgepoint Education in the 4th quarter valued at $118,000. Teachers Advisors LLC raised its holdings in Bridgepoint Education by 80.3% in the 4th quarter. Teachers Advisors LLC now owns 65,183 shares of the company’s stock valued at $660,000 after acquiring an additional 29,029 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Bridgepoint Education by 38.7% in the 1st quarter. Nationwide Fund Advisors now owns 43,891 shares of the company’s stock valued at $468,000 after acquiring an additional 12,251 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Bridgepoint Education in the 1st quarter valued at $386,000. Finally, Bank of New York Mellon Corp raised its holdings in Bridgepoint Education by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 86,258 shares of the company’s stock valued at $921,000 after acquiring an additional 3,292 shares in the last quarter. Institutional investors and hedge funds own 92.80% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “40,034 Shares in Bridgepoint Education, Inc. (BPI) Acquired by Marshall Wace North America L.P.” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.thestockobserver.com/2017/09/13/40034-shares-in-bridgepoint-education-inc-bpi-acquired-by-marshall-wace-north-america-l-p.html.
Several equities analysts have weighed in on BPI shares. Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Bridgepoint Education in a report on Friday, July 21st. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, BidaskClub cut Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Bridgepoint Education currently has a consensus rating of “Hold” and a consensus price target of $14.00.
Bridgepoint Education, Inc. (NYSE:BPI) opened at 8.81 on Wednesday. The firm has a 50-day moving average price of $9.53 and a 200 day moving average price of $11.83. Bridgepoint Education, Inc. has a one year low of $6.34 and a one year high of $15.85. The firm’s market capitalization is $256.27 million.
Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The business had revenue of $124.58 million for the quarter, compared to the consensus estimate of $127.00 million. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. Bridgepoint Education’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. Analysts anticipate that Bridgepoint Education, Inc. will post $0.64 EPS for the current fiscal year.
In related news, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction on Friday, August 18th. The stock was sold at an average price of $9.00, for a total transaction of $18,678,555.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $8.83, for a total value of $477,482.25. Following the sale, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at approximately $1,296,296.98. The disclosure for this sale can be found here. 41.50% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Bridgepoint Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.