Cubist Systematic Strategies LLC decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 81.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,401 shares of the company’s stock after selling 49,806 shares during the period. Cubist Systematic Strategies LLC’s holdings in Grand Canyon Education were worth $938,000 at the end of the most recent reporting period.
→ Becoming A Full Time Trader May Have Just Gotten Easier… (From Base Camp Trading)
Several other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in Grand Canyon Education by 38.2% in the 1st quarter. HighTower Advisors LLC now owns 13,507 shares of the company’s stock worth $1,307,000 after buying an additional 3,737 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Grand Canyon Education by 16.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,384 shares of the company’s stock worth $813,000 after acquiring an additional 1,184 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Grand Canyon Education by 57.8% in the 1st quarter. Bank of Montreal Can now owns 9,697 shares of the company’s stock valued at $948,000 after purchasing an additional 3,553 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Grand Canyon Education during the 1st quarter valued at $686,000. Finally, MetLife Investment Management LLC raised its position in Grand Canyon Education by 32.0% in the 1st quarter. MetLife Investment Management LLC now owns 25,625 shares of the company’s stock worth $2,488,000 after purchasing an additional 6,205 shares during the period. Institutional investors own 96.81% of the company’s stock.
Grand Canyon Education Price Performance
NASDAQ LOPE opened at $110.74 on Thursday. Grand Canyon Education, Inc. has a 1 year low of $78.37 and a 1 year high of $121.60. The stock has a market capitalization of $3.44 billion, a PE ratio of 19.36, a PEG ratio of 1.17 and a beta of 0.60. The business’s 50-day moving average is $113.22 and its 200 day moving average is $100.88.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.11. Grand Canyon Education had a return on equity of 30.24% and a net margin of 20.26%. The business had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $256.17 million. During the same quarter last year, the business posted $2.11 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 6.39 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. TheStreet raised Grand Canyon Education from a “c+” rating to a “b-” rating in a research note on Wednesday, November 9th. Barrington Research lifted their price target on Grand Canyon Education from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. Finally, BMO Capital Markets increased their price objective on Grand Canyon Education from $125.00 to $126.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.
See Also
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Grand Canyon Education, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Grand Canyon Education wasn’t on the list.
While Grand Canyon Education currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
