WINTON GROUP Ltd Sells 19,118 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

WINTON GROUP Ltd reduced its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 89.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,359 shares of the company’s stock after selling 19,118 shares during the period. WINTON GROUP Ltd’s holdings in Grand Canyon Education were worth $330,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LOPE. Norges Bank purchased a new position in Grand Canyon Education during the 4th quarter valued at about $44,529,000. Goldman Sachs Group Inc. raised its holdings in shares of Grand Canyon Education by 105.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 333,028 shares of the company’s stock valued at $43,973,000 after purchasing an additional 170,956 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Grand Canyon Education by 78.5% during the first quarter. Acadian Asset Management LLC now owns 308,357 shares of the company’s stock valued at $41,977,000 after purchasing an additional 135,626 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Grand Canyon Education by 89.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company’s stock valued at $24,215,000 after buying an additional 81,853 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Grand Canyon Education by 42.3% during the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company’s stock valued at $30,833,000 after buying an additional 65,518 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Down 0.2 %

LOPE stock opened at $141.56 on Thursday. The firm has a 50 day moving average of $145.01 and a 200 day moving average of $140.03. The stock has a market capitalization of $4.21 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Grand Canyon Education, Inc. has a 52 week low of $111.92 and a 52 week high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. The business had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. On average, equities research analysts expect that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on LOPE shares. BMO Capital Markets upped their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barrington Research restated an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday.

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.