Campbell & CO Investment Adviser LLC acquired a new stake in shares of Bridgepoint Education, Inc. (NYSE:BPI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,288 shares of the company’s stock, valued at approximately $152,000.
A number of other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC increased its position in shares of Bridgepoint Education by 396.8% in the second quarter. Acadian Asset Management LLC now owns 631,692 shares of the company’s stock valued at $9,325,000 after buying an additional 504,545 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Bridgepoint Education by 218.2% in the second quarter. Russell Investments Group Ltd. now owns 115,056 shares of the company’s stock valued at $1,698,000 after buying an additional 78,892 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Bridgepoint Education during the first quarter valued at about $241,000. Bank of America Corp DE increased its position in shares of Bridgepoint Education by 542.3% in the first quarter. Bank of America Corp DE now owns 15,761 shares of the company’s stock valued at $168,000 after buying an additional 13,307 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Bridgepoint Education by 25.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 83,664 shares of the company’s stock valued at $893,000 after buying an additional 17,091 shares during the last quarter. Hedge funds and other institutional investors own 91.27% of the company’s stock.
Shares of Bridgepoint Education, Inc. (NYSE:BPI) opened at 9.71 on Friday. The firm’s market capitalization is $282.44 million. Bridgepoint Education, Inc. has a 1-year low of $5.38 and a 1-year high of $15.85. The stock has a 50 day moving average price of $13.56 and a 200 day moving average price of $12.12.
Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.02. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The company had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $127 million. During the same quarter in the prior year, the firm earned $0.12 EPS. Bridgepoint Education’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that Bridgepoint Education, Inc. will post $0.64 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This news story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://stocknewstimes.com/2017/08/04/campbell-co-investment-adviser-llc-takes-position-in-bridgepoint-education-inc-bpi.html.
Several brokerages have issued reports on BPI. BidaskClub downgraded Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Monday. Piper Jaffray Companies reissued a “hold” rating and issued a $14.00 target price on shares of Bridgepoint Education in a research note on Friday, July 28th. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two equities research 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.00.
In related news, insider Russell Sakamoto sold 5,796 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $14.89, for a total transaction of $86,302.44. Following the transaction, the insider now owns 14,885 shares in the company, valued at $221,637.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew S. Clark sold 54,076 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total transaction of $749,493.36. Following the transaction, the chief executive officer now owns 146,807 shares in the company, valued at approximately $2,034,745.02. The disclosure for this sale can be found here. Insiders have sold 64,096 shares of company stock worth $899,578 in the last quarter. 41.50% of the stock is owned by corporate insiders.
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.
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.
