First Sabrepoint Capital Management LP Has $10.38 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

Key Points

• First Sabrepoint Capital Management LP reduced its stake in Grand Canyon Education by 20%, now holding 60,000 shares after selling 15,000 shares in the first quarter.
• Multiple institutional investors have modified their positions in Grand Canyon Education, with SVB Wealth LLC, Caitong International Asset Management, and WPG Advisers purchasing new shares during the same period.
• Grand Canyon Education reported an earnings per share of $1.53 for the quarter, exceeding expectations and reflecting an 8.8% year-over-year revenue growth.

First Sabrepoint Capital Management LP lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 20.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the company's stock after selling 15,000 shares during the quarter. Grand Canyon Education comprises 3.9% of First Sabrepoint Capital Management LP's portfolio, making the stock its 8th largest position. First Sabrepoint Capital Management LP owned approximately 0.21% of Grand Canyon Education worth $10,381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in Grand Canyon Education during the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Grand Canyon Education during the first quarter valued at approximately $35,000. WPG Advisers LLC acquired a new stake in Grand Canyon Education during the first quarter valued at approximately $44,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Grand Canyon Education by 58.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock valued at $45,000 after buying an additional 96 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Grand Canyon Education by 107.8% during the first quarter. UMB Bank n.a. now owns 318 shares of the company's stock valued at $55,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on LOPE shares. Barrington Research restated an "outperform" rating and set a $215.00 price objective on shares of Grand Canyon Education in a research note on Thursday, August 7th. BMO Capital Markets lowered their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Finally, Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $203.67.

Grand Canyon Education Price Performance

LOPE stock traded down $0.32 on Thursday, reaching $205.22. The company's stock had a trading volume of 97,848 shares, compared to its average volume of 219,370. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $207.22. The company has a market capitalization of $5.76 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The firm has a fifty day moving average of $185.13 and a two-hundred day moving average of $182.79.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. During the same period in the prior year, the company posted $1.19 EPS. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.