Geode Capital Management LLC Has $1.96 Million Holdings in Bridgepoint Education (BPI)

Geode Capital Management LLC raised its position in shares of Bridgepoint Education (NYSE:BPI) by 32.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236,476 shares of the company’s stock after purchasing an additional 58,476 shares during the period. Geode Capital Management LLC’s holdings in Bridgepoint Education were worth $1,961,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in Bridgepoint Education by 6.2% during the 4th quarter. Wells Fargo & Company MN now owns 153,578 shares of the company’s stock valued at $1,275,000 after purchasing an additional 8,909 shares during the period. First Trust Advisors LP boosted its stake in Bridgepoint Education by 62.9% during the 4th quarter. First Trust Advisors LP now owns 26,117 shares of the company’s stock valued at $217,000 after purchasing an additional 10,087 shares during the period. First Quadrant L P CA acquired a new stake in shares of Bridgepoint Education in the 4th quarter worth approximately $223,000. California Public Employees Retirement System lifted its stake in shares of Bridgepoint Education by 35.6% in the 3rd quarter. California Public Employees Retirement System now owns 118,466 shares of the company’s stock worth $1,137,000 after acquiring an additional 31,095 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Bridgepoint Education by 3,117.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,303 shares of the company’s stock worth $323,000 after acquiring an additional 32,268 shares during the period. 84.75% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. ValuEngine lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Barrington Research reaffirmed a “buy” rating on shares of Bridgepoint Education in a research note on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.25.

Shares of NYSE:BPI opened at $5.99 on Friday. The company has a market capitalization of $166.21, a PE ratio of 10.15, a P/E/G ratio of 1.61 and a beta of 2.07. Bridgepoint Education has a twelve month low of $5.71 and a twelve month high of $15.85.

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

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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Institutional Ownership by Quarter for Bridgepoint Education (NYSE:BPI)

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