Bridgepoint Education Inc (NYSE:BPI) – Stock analysts at Barrington Research reduced their Q2 2019 earnings per share estimates for shares of Bridgepoint Education in a research note issued on Wednesday, March 13th. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings of $0.34 per share for the quarter, down from their previous estimate of $0.37. Barrington Research has a “Buy” rating on the stock. Barrington Research also issued estimates for Bridgepoint Education’s Q3 2019 earnings at $0.13 EPS and FY2019 earnings at $0.32 EPS.
A number of other brokerages also recently commented on BPI. Zacks Investment Research downgraded shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. ValuEngine raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, TheStreet downgraded shares of Bridgepoint Education from a “b-” rating to a “c+” rating in a report on Tuesday, November 27th.
Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.11). Bridgepoint Education had a net margin of 2.32% and a return on equity of 11.78%. The business had revenue of $94.71 million during the quarter, compared to the consensus estimate of $102.20 million.
Hedge funds and other institutional investors have recently made changes to their positions in the business. PEAK6 Investments LLC lifted its stake in Bridgepoint Education by 34.3% in the fourth quarter. PEAK6 Investments LLC now owns 13,428 shares of the company’s stock worth $94,000 after purchasing an additional 3,428 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in Bridgepoint Education in the fourth quarter worth about $101,000. Russell Investments Group Ltd. bought a new stake in Bridgepoint Education in the third quarter worth about $197,000. Ibex Investors LLC bought a new stake in Bridgepoint Education in the third quarter worth about $206,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Bridgepoint Education in the fourth quarter worth about $227,000. 80.99% of the stock is owned by institutional investors and hedge funds.
In other Bridgepoint Education news, Director Robert D. Hartman sold 5,925 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $10.37, for a total value of $61,442.25. Following the completion of the sale, the director now owns 66,871 shares of the company’s stock, valued at $693,452.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 31.90% of the stock is currently owned by company insiders.
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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