First Sabrepoint Capital Management LP Trims Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

First Sabrepoint Capital Management LP trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,000 shares of the company's stock after selling 1,850 shares during the period. Grand Canyon Education comprises about 3.3% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 6th largest holding. First Sabrepoint Capital Management LP owned about 0.26% of Grand Canyon Education worth $12,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LOPE. Wealth Enhancement Advisory Services LLC lifted its holdings in Grand Canyon Education by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock worth $692,000 after buying an additional 63 shares during the period. Barclays PLC grew its holdings in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock valued at $2,692,000 after purchasing an additional 84 shares during the period. Xponance Inc. lifted its position in shares of Grand Canyon Education by 2.1% during the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after acquiring an additional 95 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Grand Canyon Education by 22.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after buying an additional 99 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Grand Canyon Education by 16.2% during the fourth quarter. GAMMA Investing LLC now owns 891 shares of the company's stock valued at $146,000 after purchasing an additional 124 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of LOPE traded up $3.26 during midday trading on Friday, reaching $196.10. The stock had a trading volume of 334,003 shares, compared to its average volume of 180,636. The company's fifty day simple moving average is $174.72 and its two-hundred day simple moving average is $169.82. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 25.34, a PEG 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.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LOPE shares. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. BMO Capital Markets boosted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Finally, Barrington Research raised their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Wednesday.

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.