3,100 Shares in Grand Canyon Education Inc (NASDAQ:LOPE) Bought by ARP Americas LP

ARP Americas LP acquired a new position in shares of Grand Canyon Education Inc (NASDAQ:LOPE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,100 shares of the company’s stock, valued at approximately $281,000.

Several other hedge funds have also made changes to their positions in LOPE. M&T Bank Corp increased its holdings in Grand Canyon Education by 1.0% in the 2nd quarter. M&T Bank Corp now owns 12,183 shares of the company’s stock worth $1,103,000 after purchasing an additional 121 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Grand Canyon Education by 3.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,072 shares of the company’s stock worth $369,000 after purchasing an additional 128 shares in the last quarter. FDx Advisors Inc. increased its holdings in Grand Canyon Education by 3.7% in the 1st quarter. FDx Advisors Inc. now owns 3,979 shares of the company’s stock worth $304,000 after purchasing an additional 141 shares in the last quarter. NEXT Financial Group Inc increased its holdings in Grand Canyon Education by 6.2% in the 1st quarter. NEXT Financial Group Inc now owns 2,463 shares of the company’s stock worth $188,000 after purchasing an additional 143 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Grand Canyon Education by 3.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,317 shares of the company’s stock worth $406,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub cut Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research note on Thursday. TheStreet raised Grand Canyon Education from a “c+” rating to a “b-” rating in a research note on Wednesday, May 20th. Barrington Research reissued a “buy” rating and issued a $110.00 price target on shares of Grand Canyon Education in a research note on Monday, July 13th. BMO Capital Markets increased their price target on Grand Canyon Education from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Sidoti assumed coverage on Grand Canyon Education in a research note on Thursday, June 11th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $108.00.

NASDAQ LOPE traded down $0.32 during trading hours on Friday, hitting $88.74. 325,330 shares of the company’s stock were exchanged, compared to its average volume of 304,233. The stock has a 50-day simple moving average of $91.93 and a 200 day simple moving average of $86.12. Grand Canyon Education Inc has a 1-year low of $57.89 and a 1-year high of $132.72. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.11 and a beta of 0.62. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.09.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, May 7th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.50 by $0.03. Grand Canyon Education had a return on equity of 18.85% and a net margin of 32.04%. The business had revenue of $221.70 million during the quarter, compared to analysts’ expectations of $220.44 million. During the same quarter last year, the firm posted $1.62 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts anticipate that Grand Canyon Education Inc will post 5.34 earnings per share for the current fiscal year.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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