Northern Trust Corp Trims Holdings in Bridgepoint Education Inc (BPI)

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Northern Trust Corp reduced its position in shares of Bridgepoint Education Inc (NYSE:BPI) by 76.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 68,778 shares of the company’s stock after selling 218,065 shares during the period. Northern Trust Corp’s holdings in Bridgepoint Education were worth $449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP increased its holdings in Bridgepoint Education by 22.9% during the 2nd quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock worth $156,000 after purchasing an additional 4,455 shares during the period. First Trust Advisors LP increased its holdings in Bridgepoint Education by 18.8% during the 2nd quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock worth $202,000 after purchasing an additional 4,914 shares during the period. LMR Partners LLP purchased a new position in Bridgepoint Education during the 2nd quarter worth $302,000. Bank of America Corp DE increased its holdings in Bridgepoint Education by 143.0% during the 2nd quarter. Bank of America Corp DE now owns 49,136 shares of the company’s stock worth $321,000 after purchasing an additional 28,918 shares during the period. Finally, Jane Street Group LLC purchased a new position in Bridgepoint Education during the 2nd quarter worth $571,000. Institutional investors own 82.26% of the company’s stock.

Several research firms have commented on BPI. TheStreet upgraded Bridgepoint Education from a “c” rating to a “b-” rating in a report on Friday, August 10th. Zacks Investment Research downgraded Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Barrington Research reiterated a “buy” rating and issued a $15.00 price target on shares of Bridgepoint Education in a report on Wednesday, September 12th. Finally, ValuEngine downgraded Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Thursday, September 27th.

Shares of NYSE:BPI opened at $7.80 on Friday. Bridgepoint Education Inc has a 12-month low of $5.31 and a 12-month high of $13.63. The firm has a market capitalization of $216.05 million, a PE ratio of 11.88, a P/E/G ratio of 1.07 and a beta of 2.24.

Bridgepoint Education (NYSE:BPI) last announced its quarterly 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. Bridgepoint Education had a return on equity of 13.35% and a net margin of 3.96%. The business had revenue of $114.86 million for the quarter, compared to the consensus estimate of $117.25 million. During the same period last year, the business posted $0.25 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bridgepoint Education Inc will post 0.75 earnings per share 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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Institutional Ownership by Quarter for Bridgepoint Education (NYSE:BPI)

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