ExodusPoint Capital Management LP Trims Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

ExodusPoint Capital Management LP trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 49.9% during the 3rd quarter, Holdings Channel reports. The firm owned 4,202 shares of the company’s stock after selling 4,177 shares during the period. ExodusPoint Capital Management LP’s holdings in Grand Canyon Education were worth $346,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LOPE. Jupiter Asset Management Ltd. lifted its position in shares of Grand Canyon Education by 5.4% in the third quarter. Jupiter Asset Management Ltd. now owns 62,797 shares of the company’s stock valued at $5,165,000 after acquiring an additional 3,227 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Grand Canyon Education by 85.3% in the 3rd quarter. Bessemer Group Inc. now owns 415 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. California Public Employees Retirement System boosted its stake in Grand Canyon Education by 7.5% in the 3rd quarter. California Public Employees Retirement System now owns 82,105 shares of the company’s stock worth $6,753,000 after purchasing an additional 5,712 shares during the period. IFP Advisors Inc grew its holdings in Grand Canyon Education by 143.5% during the 3rd quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $93,000 after buying an additional 488 shares in the last quarter. Finally, Cambria Investment Management L.P. raised its position in shares of Grand Canyon Education by 8.3% during the third quarter. Cambria Investment Management L.P. now owns 61,815 shares of the company’s stock valued at $5,084,000 after buying an additional 4,755 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Sara R. Dial sold 1,614 shares of Grand Canyon Education stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $107.27, for a total transaction of $173,133.78. Following the completion of the transaction, the director now directly owns 3,972 shares of the company’s stock, valued at approximately $426,076.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Grand Canyon Education Trading Up 0.3 %

Shares of NASDAQ LOPE opened at $113.65 on Thursday. Grand Canyon Education, Inc. has a 12-month low of $78.37 and a 12-month high of $121.60. The firm’s 50-day moving average price is $112.57 and its 200-day moving average price is $99.92. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 1.19 and a beta of 0.58.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $256.17 million. Grand Canyon Education had a return on equity of 30.24% and a net margin of 20.26%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 earnings per share. On average, equities analysts predict that Grand Canyon Education, Inc. will post 6.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LOPE. Barrington Research raised their target price on shares of Grand Canyon Education from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. BMO Capital Markets raised their price objective on Grand Canyon Education from $125.00 to $126.00 and gave the company an “outperform” rating in a research report on Tuesday, February 21st. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Finally, TheStreet upgraded Grand Canyon Education from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th.

Grand Canyon Education Company Profile

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Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.