WINTON GROUP Ltd cut its holdings in Grand Canyon Education Inc (NASDAQ:LOPE) by 27.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,714 shares of the company’s stock after selling 6,623 shares during the period. WINTON GROUP Ltd’s holdings in Grand Canyon Education were worth $1,977,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LOPE. Tower Research Capital LLC TRC purchased a new position in Grand Canyon Education in the second quarter valued at approximately $118,000. Ostrum Asset Management purchased a new position in Grand Canyon Education in the first quarter valued at approximately $132,000. HRT Financial LLC purchased a new position in Grand Canyon Education in the second quarter valued at approximately $213,000. V Wealth Management LLC purchased a new position in Grand Canyon Education in the second quarter valued at approximately $219,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Grand Canyon Education in the second quarter valued at approximately $233,000. 94.24% of the stock is owned by institutional investors.

Several equities analysts recently commented on LOPE shares. Piper Jaffray Companies upped their price objective on Grand Canyon Education from $117.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, July 3rd. They noted that the move was a valuation call. Barrington Research reiterated a “buy” rating and issued a $135.00 price objective on shares of Grand Canyon Education in a research note on Friday, August 10th. BidaskClub upgraded Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Robert W. Baird upped their price objective on Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $133.20.

NASDAQ:LOPE opened at $110.56 on Tuesday. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 1.41 and a beta of 1.20. Grand Canyon Education Inc has a 1 year low of $83.52 and a 1 year high of $123.30. The company has a current ratio of 5.73, a quick ratio of 5.73 and a debt-to-equity ratio of 0.05.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.10. The firm had revenue of $236.82 million for the quarter, compared to the consensus estimate of $235.13 million. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share. analysts predict that Grand Canyon Education Inc will post 4.89 earnings per share for the current fiscal year.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

Further Reading: Outstanding Shares

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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