Caxton Associates LP Trims Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Caxton Associates LP decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 59.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,331 shares of the company’s stock after selling 6,302 shares during the period. Caxton Associates LP’s holdings in Grand Canyon Education were worth $606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOPE. Versant Capital Management Inc lifted its holdings in Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after acquiring an additional 283 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares during the period. TFO Wealth Partners LLC increased its position in shares of Grand Canyon Education by 85,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after purchasing an additional 852 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth about $132,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $142.65 on Friday. The company’s 50-day simple moving average is $144.63 and its 200-day simple moving average is $140.34. Grand Canyon Education, Inc. has a 1 year low of $112.38 and a 1 year high of $157.53. The stock has a market capitalization of $4.20 billion, a PE ratio of 19.95, a P/E/G ratio of 1.21 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The company had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same period in the prior year, the business earned $1.01 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a report on Friday, September 20th.

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

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.