Occudo Quantitative Strategies LP lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,132 shares of the company's stock after selling 2,346 shares during the period. Occudo Quantitative Strategies LP's holdings in Grand Canyon Education were worth $349,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. GeoWealth Management LLC bought a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Grand Canyon Education in the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd acquired a new position in Grand Canyon Education in the fourth quarter worth about $32,000. Financial Life Planners acquired a new position in Grand Canyon Education in the fourth quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education in the fourth quarter worth about $59,000. Institutional investors own 94.17% of the company's stock.
Grand Canyon Education Trading Up 0.8%
NASDAQ LOPE opened at $195.74 on Friday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.42 and a beta of 0.80. The company has a 50 day moving average of $176.49 and a 200-day moving average of $171.03. 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 issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. The business had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Grand Canyon Education's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 earnings per share. On average, analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on LOPE shares. StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research increased their price target on shares of 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 increased their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st.
Read Our Latest Stock Analysis on LOPE
About Grand Canyon Education
(
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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