Goldman Sachs Group Inc. Purchases 77,389 Shares of Bridgepoint Education (BPI)

Goldman Sachs Group Inc. raised its position in Bridgepoint Education (NYSE:BPI) by 81.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 172,084 shares of the company’s stock after buying an additional 77,389 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Bridgepoint Education were worth $1,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System boosted its position in Bridgepoint Education by 35.6% in the 3rd quarter. California Public Employees Retirement System now owns 118,466 shares of the company’s stock valued at $1,137,000 after buying an additional 31,095 shares during the last quarter. Schroder Investment Management Group boosted its position in Bridgepoint Education by 257.1% in the 4th quarter. Schroder Investment Management Group now owns 3,196,285 shares of the company’s stock valued at $26,529,000 after buying an additional 2,301,188 shares during the last quarter. Wells Fargo & Company MN boosted its position in Bridgepoint Education by 75.2% in the 3rd quarter. Wells Fargo & Company MN now owns 144,669 shares of the company’s stock valued at $1,389,000 after buying an additional 62,117 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Bridgepoint Education in the 4th quarter valued at $2,209,000. Finally, First Quadrant L P CA bought a new position in Bridgepoint Education in the 4th quarter valued at $223,000. Hedge funds and other institutional investors own 85.18% of the company’s stock.

Shares of BPI opened at $6.06 on Friday. The firm has a market capitalization of $164.58, a price-to-earnings ratio of 10.27, a PEG ratio of 1.59 and a beta of 2.07. Bridgepoint Education has a 52 week low of $5.71 and a 52 week high of $15.85.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.03). Bridgepoint Education had a return on equity of 13.58% and a net margin of 2.20%. The company had revenue of $105.00 million during the quarter, compared to the consensus estimate of $109.10 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. equities research analysts predict that Bridgepoint Education will post 0.38 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. Zacks Investment Research lowered Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Barrington Research reiterated a “buy” rating on shares of Bridgepoint Education in a research report on Wednesday, March 14th. Finally, ValuEngine lowered Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.25.

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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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