Zebra Capital Management LLC cut its stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 36.5% in the second quarter, HoldingsChannel.com reports. The firm owned 5,563 shares of the company’s stock after selling 3,202 shares during the quarter. Zebra Capital Management LLC’s holdings in Grand Canyon Education were worth $621,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in LOPE. Summit Trail Advisors LLC grew its stake in shares of Grand Canyon Education by 7,783.3% during the first quarter. Summit Trail Advisors LLC now owns 415,843 shares of the company’s stock worth $416,000 after purchasing an additional 410,568 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Grand Canyon Education by 239.3% during the second quarter. Assenagon Asset Management S.A. now owns 187,508 shares of the company’s stock worth $20,928,000 after purchasing an additional 132,242 shares during the period. Redwood Investments LLC acquired a new stake in shares of Grand Canyon Education during the second quarter worth $14,326,000. Paloma Partners Management Co grew its stake in shares of Grand Canyon Education by 1,327.1% during the second quarter. Paloma Partners Management Co now owns 129,220 shares of the company’s stock worth $14,422,000 after purchasing an additional 120,165 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Grand Canyon Education by 97.6% during the second quarter. Acadian Asset Management LLC now owns 222,436 shares of the company’s stock worth $24,825,000 after purchasing an additional 109,870 shares during the period. 94.26% of the stock is owned by institutional investors and hedge funds.
LOPE opened at $110.27 on Monday. Grand Canyon Education Inc has a 52-week low of $80.87 and a 52-week high of $123.30. The stock has a market cap of $5.47 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.45 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.73 and a current ratio of 5.73.
Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.10. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. The business had revenue of $236.82 million for the quarter, compared to analyst estimates of $235.13 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. Grand Canyon Education’s revenue was up 8.5% on a year-over-year basis. equities research analysts predict that Grand Canyon Education Inc will post 4.89 EPS for the current year.
A number of brokerages recently commented on LOPE. BMO Capital Markets lifted their price objective on Grand Canyon Education from $112.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, July 9th. BidaskClub cut Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research raised Grand Canyon Education from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Robert W. Baird boosted their target price on Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Finally, Barrington Research boosted their target price on Grand Canyon Education from $117.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, July 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Grand Canyon Education has an average rating of “Buy” and a consensus target price of $133.20.
Grand Canyon Education Company 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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