Bridgepoint Education Inc (BPI) Position Trimmed by Alambic Investment Management L.P.

Alambic Investment Management L.P. lessened its holdings in shares of Bridgepoint Education Inc (NYSE:BPI) by 68.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,507 shares of the company’s stock after selling 140,386 shares during the period. Alambic Investment Management L.P.’s holdings in Bridgepoint Education were worth $655,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Trexquant Investment LP grew its position in Bridgepoint Education by 108.5% in the third quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock valued at $261,000 after acquiring an additional 13,344 shares during the period. BlackRock Inc. lifted its stake in shares of Bridgepoint Education by 72.2% during the third quarter. BlackRock Inc. now owns 686,929 shares of the company’s stock valued at $6,979,000 after acquiring an additional 287,914 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Bridgepoint Education by 36.5% during the third quarter. Bank of New York Mellon Corp now owns 27,066 shares of the company’s stock valued at $275,000 after acquiring an additional 7,232 shares during the period. JPMorgan Chase & Co. lifted its stake in Bridgepoint Education by 1,199.0% in the third quarter. JPMorgan Chase & Co. now owns 181,616 shares of the company’s stock valued at $1,846,000 after buying an additional 167,635 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Bridgepoint Education in the third quarter valued at about $779,000. 73.48% of the stock is currently owned by institutional investors.

Shares of BPI opened at $7.86 on Friday. The firm has a market capitalization of $211.98 million, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.05 and a beta of 2.24. Bridgepoint Education Inc has a 52-week low of $5.31 and a 52-week high of $13.63.

Bridgepoint Education (NYSE:BPI) last announced its earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $114.86 million for the quarter, compared to the consensus estimate of $117.25 million. Bridgepoint Education had a return on equity of 13.35% and a net margin of 3.96%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. On average, sell-side analysts expect that Bridgepoint Education Inc will post 0.75 earnings per share for the current year.

A number of research analysts recently issued reports on the company. TheStreet upgraded Bridgepoint Education from a “c” rating to a “b-” rating in a report on Friday, August 10th. Zacks Investment Research upgraded Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research note on Monday, July 30th. Barrington Research reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Bridgepoint Education in a research report on Wednesday, September 12th. Finally, ValuEngine cut Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.

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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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