Grand Canyon Education, Inc. (NASDAQ:LOPE) Stock Holdings Decreased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 63.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 800 shares of the company's stock after selling 1,363 shares during the period. Point72 Hong Kong Ltd's holdings in Grand Canyon Education were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Grand Canyon Education by 14.3% during the fourth quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after buying an additional 189,843 shares during the period. Invesco Ltd. grew its position in shares of Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock valued at $81,033,000 after purchasing an additional 39,136 shares during the last quarter. Boston Partners boosted its position in Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after acquiring an additional 159,827 shares during the last quarter. Norges Bank acquired a new stake in Grand Canyon Education during the fourth quarter worth approximately $57,838,000. Finally, Renaissance Technologies LLC boosted its position in Grand Canyon Education by 0.9% during the fourth quarter. Renaissance Technologies LLC now owns 307,202 shares of the company's stock worth $50,320,000 after acquiring an additional 2,800 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LOPE. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research report on Thursday. Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barrington Research lifted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE traded up $0.05 during midday trading on Thursday, hitting $194.04. 48,161 shares of the company's stock traded hands, compared to its average volume of 179,317. The company has a market cap of $5.51 billion, a PE ratio of 25.11, a P/E/G ratio of 1.42 and a beta of 0.80. The firm's fifty day moving average price is $178.81 and its two-hundred day moving average price is $172.68. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its 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. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the previous year, the business posted $2.35 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS 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.