Atlantic Trust Group LLC cut its stake in Grand Canyon Education Inc (NASDAQ:LOPE) by 30.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,989 shares of the company’s stock after selling 4,760 shares during the period. Atlantic Trust Group LLC’s holdings in Grand Canyon Education were worth $1,153,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Ostrum Asset Management purchased a new position in shares of Grand Canyon Education during the 1st quarter worth approximately $132,000. Wedbush Securities Inc. purchased a new position in shares of Grand Canyon Education during the 1st quarter worth approximately $201,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Grand Canyon Education during the 1st quarter worth approximately $201,000. Koch Industries Inc. purchased a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $224,000. Finally, Jane Street Group LLC purchased a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $225,000. 96.28% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on LOPE shares. Barrington Research reissued a “buy” rating and set a $115.00 price objective on shares of Grand Canyon Education in a research note on Monday, April 16th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Saturday, May 5th. Finally, BidaskClub cut shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th. Seven investment analysts have rated the stock with a buy rating, Grand Canyon Education has a consensus rating of “Buy” and an average price target of $110.80.
Shares of Grand Canyon Education opened at $111.61 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.66 and a quick ratio of 1.66. Grand Canyon Education Inc has a 1-year low of $71.00 and a 1-year high of $117.12. The company has a market cap of $5.43 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, May 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.13. Grand Canyon Education had a net margin of 22.07% and a return on equity of 22.00%. The firm had revenue of $275.68 million for the quarter, compared to analyst estimates of $274.13 million. During the same quarter last year, the business earned $1.16 earnings per share. Grand Canyon Education’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts expect that Grand Canyon Education Inc will post 4.83 earnings per share for the current fiscal year.
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.
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).
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.