Bridgepoint Education (NYSE:BPI)‘s stock had its “buy” rating reiterated by research analysts at Barrington Research in a report issued on Wednesday.
The analysts wrote, “We expect the company to report Q4/17 non‐GAAP EPS of $0.08, which is in line with the FactSet consensus of $0.08. Our forecast represents an improvement from a $0.04 loss in the year‐ago period. The comparable period was negatively impacted by spending delays in the U.K., which resulted in a significant decline in labor utilization rates.””
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Bridgepoint Education from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Tuesday, December 26th. ValuEngine cut shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.25.
Bridgepoint Education (NYSE:BPI) last released its 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 analyst estimates of $109.10 million. During the same period in the prior year, the business posted ($0.01) earnings per share. Bridgepoint Education’s revenue was down 12.1% on a year-over-year basis. sell-side analysts anticipate that Bridgepoint Education will post 0.38 earnings per share for the current year.
Bridgepoint Education declared that its Board of Directors has authorized a share repurchase plan on Friday, November 17th that allows the company to buyback 2,100,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through a private placement purchase. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. lifted its position in Bridgepoint Education by 137.5% during the fourth quarter. Macquarie Group Ltd. now owns 26,604 shares of the company’s stock valued at $221,000 after buying an additional 15,400 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Bridgepoint Education during the fourth quarter worth $224,000. Millennium Management LLC lifted its position in shares of Bridgepoint Education by 19.7% during the fourth quarter. Millennium Management LLC now owns 799,409 shares of the company’s stock worth $6,635,000 after purchasing an additional 131,623 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Bridgepoint Education by 49.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 263,402 shares of the company’s stock worth $2,186,000 after purchasing an additional 86,801 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Bridgepoint Education by 672.5% during the fourth quarter. Two Sigma Investments LP now owns 337,116 shares of the company’s stock worth $2,798,000 after purchasing an additional 293,478 shares in the last quarter. 85.18% of the stock is currently owned by hedge funds and other institutional investors.
About Bridgepoint Education
Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes, and provide a range of student services.
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