Y Intercept Hong Kong Ltd Reduces Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Key Points

• Y Intercept Hong Kong Ltd significantly reduced its holdings in Grand Canyon Education, decreasing by 63.1% in the first quarter, leaving them with 1,368 shares valued at $237,000.
• Several institutional investors, including American Century Companies Inc. and LPL Financial LLC, increased their stakes in Grand Canyon Education during the fourth quarter, highlighting strong interest in the firm's stock.
• Grand Canyon Education reported a quarterly earnings per share of $2.57, surpassing analysts' estimates and reflecting a 5.3% year-over-year revenue growth to $289.31 million.

Y Intercept Hong Kong Ltd reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 63.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,368 shares of the company's stock after selling 2,343 shares during the period. Y Intercept Hong Kong Ltd's holdings in Grand Canyon Education were worth $237,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new position in Grand Canyon Education in the first quarter worth about $232,000. Convergence Financial LLC bought a new position in Grand Canyon Education in the first quarter worth about $249,000. Bessemer Group Inc. raised its stake in Grand Canyon Education by 244.2% in the first quarter. Bessemer Group Inc. now owns 716 shares of the company's stock worth $124,000 after buying an additional 508 shares in the last quarter. 111 Capital bought a new position in Grand Canyon Education in the fourth quarter worth about $528,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Grand Canyon Education by 135.5% during the first quarter. Farther Finance Advisors LLC now owns 3,113 shares of the company's stock valued at $550,000 after purchasing an additional 1,791 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LOPE has been the subject of a number of analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $215.00 target price on shares of Grand Canyon Education in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets decreased 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.

Grand Canyon Education Stock Up 0.9%

Shares of NASDAQ LOPE traded up $1.52 on Friday, reaching $170.15. 297,221 shares of the company's stock traded hands, compared to its average volume of 207,622. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $202.28. The business's 50 day simple moving average is $182.77 and its two-hundred day simple moving average is $179.44. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 earnings per share. Analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal 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.