Citigroup reduced its stake in Grand Canyon Education Inc. (NASDAQ:LOPE – Free Report) by 4.5% during the third quarter, Holdings Channel reported. The fund now owns 29,445 shares of the company's stock after selling 1,388 shares during the quarter. Citigroup Inc.'s holdings in Grand Canyon Education were valued at $3,442,000 at the end of the most recent reporting period.
A number of other large investors have also modified their positions in LOPE. Quarry LP acquired a new stake in shares of Grand Canyon Education in the 1st quarter worth his $33,000. Cornerstone Planning Group LLC acquired a new stake in Grand Canyon Education in the 2nd quarter worth his $33,000. CWM LLC raised its stake in Grand Canyon Education by 98.4% during the 3rd quarter. CWM LLC now owns 373 shares of the company's stock valued at $44,000 after acquiring an additional 185 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Grand Canyon Education by 182.3% in the 1st quarter. NewEdge Advisors LLC now owns 463 shares of the company's stock valued at $53,000 after acquiring an additional 299 shares during the last quarter. Finally, Financial Management Professionals Inc. increased his stake in shares of Grand Canyon Education by 4,480.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 458 shares of the company's stock valued at $54,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.
Grand Canyon Education Price Performance
Nasdaq LOPE opened at $132.69 on Monday. The company has a market capitalization of $3.98 billion, a P/E ratio of 19.51x, a P/E ratio of 1.16x, and a beta of 0.59x. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. His 50 day simple moving average for this company is $129.98 and his 200 day simple moving average is $127.77.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.05. The business had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.0 million. Grand Canyon Education had a return on equity of 31.75% and a net profit margin of 21.33%. On average, equities research analysts expect that Grand Canyon Education's EPS for the current fiscal year will be 7.65.
Analyst rating changes
Separately, Barrington Research increased their target price on Grand Canyon Education from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th.
Check out the latest research report on LOPE.
About Grand Canyon Education
(Free report)
Grand Canyon Education, Inc provides educational services to universities in the United States. We provide technology services such as learning management systems, internal administration, infrastructure, and support services. Academic services such as programs and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites. Counseling and support services, including admissions, financial aid, field experience and other counseling services.
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Curious if other hedge funds own LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).
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