Grand Canyon Education Inc (LOPE) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 93.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,944 shares of the company’s stock after selling 261,231 shares during the quarter. Two Sigma Investments LP’s holdings in Grand Canyon Education were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in LOPE. Bronfman E.L. Rothschild L.P. lifted its position in Grand Canyon Education by 29.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock worth $64,000 after acquiring an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in Grand Canyon Education during the 4th quarter worth about $123,000. Enlightenment Research LLC acquired a new stake in Grand Canyon Education during the 4th quarter worth about $125,000. Glenmede Trust Co. NA lifted its position in Grand Canyon Education by 165.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,969 shares of the company’s stock worth $221,000 after acquiring an additional 1,228 shares during the period. Finally, Fort L.P. acquired a new stake in Grand Canyon Education during the 4th quarter worth about $224,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Shares of Grand Canyon Education stock opened at $115.11 on Tuesday. Grand Canyon Education Inc has a twelve month low of $90.67 and a twelve month high of $130.10. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.52 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, February 20th. The company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.14. The company had revenue of $177.54 million during the quarter, compared to analyst estimates of $175.25 million. Grand Canyon Education had a return on equity of 22.16% and a net margin of 27.09%. Grand Canyon Education’s quarterly revenue was down 34.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 EPS. Analysts forecast that Grand Canyon Education Inc will post 5.12 earnings per share for the current fiscal year.

In other Grand Canyon Education news, CEO Brian E. Mueller sold 40,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $117.91, for a total transaction of $4,716,400.00. Following the transaction, the chief executive officer now directly owns 280,124 shares in the company, valued at $33,029,420.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.44, for a total value of $592,200.00. Following the transaction, the insider now owns 78,659 shares in the company, valued at $9,316,371.96. The disclosure for this sale can be found here. Insiders sold 77,000 shares of company stock worth $9,061,460 over the last quarter. 2.40% of the stock is currently owned by insiders.

A number of analysts have commented on LOPE shares. BidaskClub cut Grand Canyon Education from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. ValuEngine cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research cut Grand Canyon Education from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Barrington Research reaffirmed a “buy” rating and set a $150.00 price target on shares of Grand Canyon Education in a research report on Tuesday, December 18th. Finally, Robert W. Baird decreased their price objective on Grand Canyon Education from $141.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Grand Canyon Education has a consensus rating of “Buy” and a consensus target price of $133.00.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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

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