Grand Canyon Education, Inc. (NASDAQ:LOPE) is Prospect Capital Advisors LLC's 2nd Largest Position

Prospect Capital Advisors LLC lowered its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,350 shares of the company's stock after selling 31,940 shares during the quarter. Grand Canyon Education comprises approximately 7.9% of Prospect Capital Advisors LLC's investment portfolio, making the stock its 2nd largest holding. Prospect Capital Advisors LLC owned about 0.29% of Grand Canyon Education worth $13,653,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Quantinno Capital Management LP increased its holdings in Grand Canyon Education by 37.4% in the 4th quarter. Quantinno Capital Management LP now owns 77,839 shares of the company's stock worth $12,750,000 after buying an additional 21,191 shares during the period. Parsifal Capital Management LP acquired a new position in Grand Canyon Education in the 4th quarter worth approximately $26,238,000. Man Group plc increased its holdings in Grand Canyon Education by 29.4% in the 4th quarter. Man Group plc now owns 33,295 shares of the company's stock worth $5,454,000 after buying an additional 7,565 shares during the period. NDVR Inc. increased its holdings in Grand Canyon Education by 5.1% in the 4th quarter. NDVR Inc. now owns 1,878 shares of the company's stock worth $308,000 after buying an additional 91 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Grand Canyon Education by 38.8% in the 4th quarter. Lazard Asset Management LLC now owns 15,731 shares of the company's stock worth $2,575,000 after buying an additional 4,396 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research note 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, May 7th.

Grand Canyon Education Stock Up 0.9%

Shares of LOPE traded up $1.70 during midday trading on Friday, reaching $197.44. The company had a trading volume of 166,225 shares, compared to its average volume of 180,300. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The stock has a market cap of $5.60 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80. The firm has a 50 day simple moving average of $177.07 and a 200-day simple moving average of $171.68.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $289.31 million during 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 company's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $2.35 EPS. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education Company 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.