Guggenheim Capital LLC cut its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 62.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,142 shares of the company's stock after selling 3,599 shares during the period. Guggenheim Capital LLC's holdings in Grand Canyon Education were worth $351,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Grand Canyon Education in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Grand Canyon Education in the fourth quarter valued at approximately $32,000. Financial Life Planners acquired a new stake in Grand Canyon Education during the fourth quarter worth approximately $37,000. Harvest Fund Management Co. Ltd purchased a new stake in Grand Canyon Education in the 4th quarter worth approximately $59,000. Finally, Versant Capital Management Inc lifted its stake in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after purchasing an additional 167 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.
Grand Canyon Education Stock Performance
Grand Canyon Education stock traded up $5.90 during midday trading on Friday, reaching $184.87. The stock had a trading volume of 50,987 shares, compared to its average volume of 178,906. The stock's 50-day simple moving average is $173.40 and its 200 day simple moving average is $166.95. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $192.18. The stock has a market capitalization of $5.31 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. The business had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Equities analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on LOPE shares. StockNews.com downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research restated an "outperform" rating and issued a $205.00 price target on shares of Grand Canyon Education in a report on Tuesday, April 15th. Finally, BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday, February 21st.
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Grand Canyon Education Company Profile
(
Free Report)
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.
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