Numeric Investors LLC bought a new stake in Bridgepoint Education Inc (NYSE:BPI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,700 shares of the company’s stock, valued at approximately $149,000.
A number of other hedge funds have also recently bought and sold shares of BPI. Springhouse Capital Management LP bought a new stake in Bridgepoint Education during the third quarter valued at $332,000. Citadel Advisors LLC boosted its position in shares of Bridgepoint Education by 27.8% in the third quarter. Citadel Advisors LLC now owns 93,515 shares of the company’s stock worth $642,000 after buying an additional 20,325 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in shares of Bridgepoint Education during the third quarter worth approximately $414,000. SECOR Capital Advisors LP boosted its position in shares of Bridgepoint Education by 13.6% in the third quarter. SECOR Capital Advisors LP now owns 73,605 shares of the company’s stock worth $506,000 after buying an additional 8,786 shares during the last quarter. Finally, Mangrove Partners boosted its position in shares of Bridgepoint Education by 14.2% in the third quarter. Mangrove Partners now owns 2,362,069 shares of the company’s stock worth $16,227,000 after buying an additional 293,793 shares during the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.
Shares of Bridgepoint Education Inc (NYSE:BPI) traded down 0.51% during midday trading on Friday, reaching $11.77. 84,773 shares of the company’s stock were exchanged. Bridgepoint Education Inc has a 12-month low of $5.38 and a 12-month high of $11.99. The stock’s market cap is $547.49 million. The stock’s 50 day moving average is $10.52 and its 200-day moving average is $9.63.
Bridgepoint Education (NYSE:BPI) last released its quarterly earnings results on Tuesday, March 7th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Bridgepoint Education had a positive return on equity of 3.69% and a negative net margin of 4.26%. The company had revenue of $119.54 million for the quarter, compared to analysts’ expectations of $125.45 million. During the same quarter last year, the company earned $0.04 EPS. Bridgepoint Education’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities analysts expect that Bridgepoint Education Inc will post $0.33 EPS for the current year.
Separately, Zacks Investment Research cut shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th.
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.
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