Bridgepoint Education Inc (NYSE:BPI) – Investment analysts at Barrington Research decreased their FY2018 earnings per share estimates for shares of Bridgepoint Education in a research report issued on Monday, March 11th. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings of $0.47 per share for the year, down from their prior estimate of $0.75. Barrington Research has a “Buy” rating on the stock. Barrington Research also issued estimates for Bridgepoint Education’s Q4 2018 earnings at ($0.24) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at ($0.12) EPS and FY2019 earnings at $0.42 EPS.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The company had revenue of $94.71 million for the quarter, compared to analysts’ expectations of $102.20 million. Bridgepoint Education had a return on equity of 11.78% and a net margin of 2.32%.
Shares of NYSE BPI opened at $6.73 on Thursday. The firm has a market cap of $190.00 million, a P/E ratio of 14.32, a P/E/G ratio of 1.25 and a beta of 2.22. Bridgepoint Education has a 1-year low of $5.31 and a 1-year high of $13.63.
A number of large investors have recently made changes to their positions in BPI. Nantahala Capital Management LLC increased its position in Bridgepoint Education by 21.6% during the 4th quarter. Nantahala Capital Management LLC now owns 2,348,865 shares of the company’s stock valued at $16,466,000 after buying an additional 416,731 shares in the last quarter. Renaissance Technologies LLC increased its position in Bridgepoint Education by 36.2% during the 3rd quarter. Renaissance Technologies LLC now owns 1,490,957 shares of the company’s stock valued at $15,148,000 after buying an additional 396,399 shares in the last quarter. BlackRock Inc. increased its position in Bridgepoint Education by 72.2% during the 3rd quarter. BlackRock Inc. now owns 686,929 shares of the company’s stock valued at $6,979,000 after buying an additional 287,914 shares in the last quarter. Morgan Stanley increased its position in Bridgepoint Education by 105.6% during the 3rd quarter. Morgan Stanley now owns 391,620 shares of the company’s stock valued at $3,978,000 after buying an additional 201,183 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Bridgepoint Education by 53.5% during the 4th quarter. Acadian Asset Management LLC now owns 555,529 shares of the company’s stock valued at $3,894,000 after buying an additional 193,535 shares in the last quarter. 80.99% of the stock is currently owned by institutional investors.
In related news, Director Robert D. Hartman sold 5,925 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $10.37, for a total transaction of $61,442.25. Following the transaction, the director now directly owns 66,871 shares of the company’s stock, valued at approximately $693,452.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 31.90% of the company’s stock.
Bridgepoint Education Company Profile
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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