Donald Smith & CO. Inc. lowered its position in Bridgepoint Education Inc (NYSE:BPI) by 22.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 186,862 shares of the company’s stock after selling 55,355 shares during the period. Donald Smith & CO. Inc. owned about 0.64% of Bridgepoint Education worth $1,551,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of Bridgepoint Education by 35.6% in the 3rd quarter. California Public Employees Retirement System now owns 118,466 shares of the company’s stock valued at $1,137,000 after acquiring an additional 31,095 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Bridgepoint Education by 257.1% in the 4th quarter. Schroder Investment Management Group now owns 3,196,285 shares of the company’s stock valued at $26,529,000 after acquiring an additional 2,301,188 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Bridgepoint Education by 75.2% in the 3rd quarter. Wells Fargo & Company MN now owns 144,669 shares of the company’s stock valued at $1,389,000 after acquiring an additional 62,117 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Bridgepoint Education in the 4th quarter valued at about $223,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Bridgepoint Education in the 4th quarter valued at about $2,209,000. 85.18% of the stock is owned by institutional investors.
Bridgepoint Education Inc (NYSE BPI) traded down $0.04 during trading hours on Wednesday, hitting $7.31. 155,842 shares of the stock traded hands, compared to its average volume of 197,263. Bridgepoint Education Inc has a 1-year low of $5.71 and a 1-year high of $15.85. The firm has a market capitalization of $195.54, a P/E ratio of 30.21, a P/E/G ratio of 1.89 and a beta of 2.10.
Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.03). Bridgepoint Education had a return on equity of 13.58% and a net margin of 2.20%. The company had revenue of $105.00 million for the quarter, compared to analyst estimates of $109.10 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was down 12.1% on a year-over-year basis. analysts expect that Bridgepoint Education Inc will post 0.38 earnings per share for the current year.
Bridgepoint Education declared that its Board of Directors has initiated a stock buyback program on Friday, November 17th that allows the company to buyback 2,100,000 shares. This buyback authorization allows the company to reacquire shares of its stock through a private placement purchase. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of analysts recently weighed in on BPI shares. Zacks Investment Research raised shares of Bridgepoint Education from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Tuesday, December 26th. ValuEngine lowered shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barrington Research reissued a “buy” rating on shares of Bridgepoint Education in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.25.
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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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