ArrowMark Colorado Holdings LLC Has $74.60 Million Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

by · The Cerbat Gem

ArrowMark Colorado Holdings LLC trimmed its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 722,826 shares of the company’s stock after selling 4,320 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Grand Canyon Education were worth $74,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinebridge Investments L.P. increased its holdings in Grand Canyon Education by 40.4% in the second quarter. Pinebridge Investments L.P. now owns 10,284 shares of the company’s stock valued at $1,061,000 after purchasing an additional 2,957 shares during the period. Versor Investments LP acquired a new stake in Grand Canyon Education during the 1st quarter worth about $211,000. FDx Advisors Inc. grew its holdings in Grand Canyon Education by 105.1% during the 2nd quarter. FDx Advisors Inc. now owns 7,714 shares of the company’s stock worth $796,000 after acquiring an additional 3,952 shares during the period. Radnor Capital Management LLC acquired a new stake in Grand Canyon Education during the 2nd quarter worth about $439,000. Finally, M&T Bank Corp grew its holdings in Grand Canyon Education by 4.8% during the 1st quarter. M&T Bank Corp now owns 15,107 shares of the company’s stock worth $1,721,000 after acquiring an additional 698 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of LOPE traded down $0.99 during trading hours on Thursday, hitting $137.63. The stock had a trading volume of 27,772 shares, compared to its average volume of 200,144. The firm has a 50 day simple moving average of $126.74 and a 200-day simple moving average of $115.01. The firm has a market capitalization of $4.13 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.32 and a beta of 0.69. Grand Canyon Education, Inc. has a 1-year low of $99.65 and a 1-year high of $140.98.

Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last issued its earnings results on Thursday, November 2nd. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. The company had revenue of $221.91 million during the quarter, compared to the consensus estimate of $219.50 million. Grand Canyon Education had a return on equity of 31.22% and a net margin of 20.75%. Equities analysts predict that Grand Canyon Education, Inc. will post 6.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird increased their price target on Grand Canyon Education from $135.00 to $140.00 in a report on Monday, October 2nd. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Finally, Barrington Research increased their price target on Grand Canyon Education from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd.

Read Our Latest Analysis on LOPE

Insider Buying and Selling at Grand Canyon Education

In other news, Director Jack A. Henry sold 1,450 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $137.92, for a total value of $199,984.00. Following the completion of the sale, the director now directly owns 14,782 shares of the company’s stock, valued at $2,038,733.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Profile

(Free Report)

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.

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