Fox Run Management L.L.C. Sells 4,295 Shares of Grand Canyon Education, Inc. $LOPE

Key Points

• Fox Run Management L.L.C. reduced its stake in Grand Canyon Education by 54.3%, now owning 3,610 shares after selling 4,295 shares in Q1.
• Grand Canyon Education reported earnings per share of $1.53, exceeding estimates by $0.16, with revenue of $247.50 million, representing an 8.8% year-over-year increase.
• Institutional investors now hold 94.17% of Grand Canyon Education's stock, highlighting strong institutional interest in the company.

Fox Run Management L.L.C. decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 54.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,610 shares of the company's stock after selling 4,295 shares during the period. Fox Run Management L.L.C.'s holdings in Grand Canyon Education were worth $625,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. OneDigital Investment Advisors LLC purchased a new position in shares of Grand Canyon Education in the first quarter worth approximately $232,000. Convergence Financial LLC bought a new stake in Grand Canyon Education during the first quarter worth approximately $249,000. Bessemer Group Inc. boosted its holdings in Grand Canyon Education by 244.2% during the first quarter. Bessemer Group Inc. now owns 716 shares of the company's stock valued at $124,000 after acquiring an additional 508 shares during the period. Informed Momentum Co LLC bought a new position in Grand Canyon Education in the 1st quarter worth approximately $3,721,000. Finally, 111 Capital acquired a new position in Grand Canyon Education during the 4th quarter valued at $528,000. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Grand Canyon Education Trading Down 0.1%

Shares of LOPE stock traded down $0.18 on Friday, reaching $205.05. The company had a trading volume of 93,392 shares, compared to its average volume of 219,032. The stock has a market cap of $5.76 billion, a PE ratio of 24.95, a PEG ratio of 1.48 and a beta of 0.79. The company has a 50-day moving average of $182.37 and a 200-day moving average of $181.47. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $207.12.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.16. The firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The business's revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Grand Canyon Education Profile

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.