Point72 Asset Management L.P. Has $11.94 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Point72 Asset Management L.P. decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 72,880 shares of the company's stock after selling 37,904 shares during the period. Point72 Asset Management L.P. owned approximately 0.25% of Grand Canyon Education worth $11,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LOPE. FMR LLC grew its position in Grand Canyon Education by 14.3% during the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after acquiring an additional 189,843 shares during the last quarter. Invesco Ltd. grew its position in Grand Canyon Education by 8.6% during the 4th quarter. Invesco Ltd. now owns 494,706 shares of the company's stock worth $81,033,000 after acquiring an additional 39,136 shares during the last quarter. Boston Partners grew its position in Grand Canyon Education by 68.6% during the 4th quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after acquiring an additional 159,827 shares during the last quarter. Norges Bank bought a new stake in Grand Canyon Education during the 4th quarter worth $57,838,000. Finally, Renaissance Technologies LLC grew its position in Grand Canyon Education by 0.9% during the 4th quarter. Renaissance Technologies LLC now owns 307,202 shares of the company's stock worth $50,320,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research boosted their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets boosted their price objective on Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research report on Thursday.

Grand Canyon Education Stock Up 0.4%

LOPE traded up $0.76 during midday trading on Friday, hitting $194.17. 117,078 shares of the company were exchanged, compared to its average volume of 180,140. The firm has a market capitalization of $5.51 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.42 and a beta of 0.80. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The firm's 50 day moving average price is $179.82 and its 200-day moving average price is $173.53.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.51 by $0.06. The firm had revenue of $289.31 million for the quarter, compared to the consensus estimate of $287.18 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 EPS. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share 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.