Castleark Management LLC lowered its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,085 shares of the company’s stock after selling 45,925 shares during the period. Castleark Management LLC owned approximately 0.36% of Grand Canyon Education worth $15,317,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in LOPE. Hanseatic Management Services Inc. grew its position in shares of Grand Canyon Education by 14.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 4,869 shares of the company’s stock worth $436,000 after buying an additional 630 shares during the last quarter. Covenant Asset Management LLC raised its stake in Grand Canyon Education by 3.5% during the fourth quarter. Covenant Asset Management LLC now owns 18,595 shares of the company’s stock valued at $1,665,000 after buying an additional 635 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Grand Canyon Education by 46.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock valued at $239,000 after buying an additional 846 shares during the last quarter. Aperio Group LLC raised its stake in Grand Canyon Education by 9.0% during the third quarter. Aperio Group LLC now owns 10,534 shares of the company’s stock valued at $957,000 after buying an additional 872 shares during the last quarter. Finally, Jefferies Group LLC increased its holdings in shares of Grand Canyon Education by 15.5% in the 4th quarter. Jefferies Group LLC now owns 7,474 shares of the company’s stock worth $669,000 after purchasing an additional 1,005 shares in the last quarter. 96.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LOPE traded up $0.38 during midday trading on Friday, hitting $106.67. 266,925 shares of the company’s stock traded hands, compared to its average volume of 272,350. The firm has a market cap of $5,151.31, a PE ratio of 26.94, a P/E/G ratio of 1.57 and a beta of 1.19. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. Grand Canyon Education, Inc. has a 1 year low of $68.82 and a 1 year high of $109.82.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.09. Grand Canyon Education had a return on equity of 21.20% and a net margin of 20.87%. The company had revenue of $271.42 million for the quarter, compared to the consensus estimate of $268.42 million. During the same period last year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. research analysts forecast that Grand Canyon Education, Inc. will post 4.7 EPS for the current year.
LOPE has been the subject of a number of research analyst reports. Barrington Research reissued a “buy” rating and issued a $115.00 target price on shares of Grand Canyon Education in a report on Tuesday, March 6th. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 price target for the company in a report on Tuesday, February 27th. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Piper Jaffray boosted their price objective on Grand Canyon Education to $114.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. They noted that the move was a valuation call. Finally, BidaskClub upgraded Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Grand Canyon Education has a consensus rating of “Buy” and a consensus target price of $109.60.
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Grand Canyon Education Profile
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
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