Occudo Quantitative Strategies LP Has $349,000 Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Occudo Quantitative Strategies LP lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 52.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,132 shares of the company’s stock after selling 2,346 shares during the period. Occudo Quantitative Strategies LP’s holdings in Grand Canyon Education were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. NDVR Inc. boosted its stake in Grand Canyon Education by 5.1% in the fourth quarter. NDVR Inc. now owns 1,878 shares of the company’s stock valued at $308,000 after acquiring an additional 91 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Grand Canyon Education by 38.8% in the fourth quarter. Lazard Asset Management LLC now owns 15,731 shares of the company’s stock valued at $2,575,000 after acquiring an additional 4,396 shares during the last quarter. Deutsche Bank AG boosted its stake in Grand Canyon Education by 14.6% in the fourth quarter. Deutsche Bank AG now owns 87,294 shares of the company’s stock valued at $14,299,000 after acquiring an additional 11,153 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Grand Canyon Education by 247.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 85,410 shares of the company’s stock valued at $13,990,000 after acquiring an additional 60,811 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Grand Canyon Education by 15.5% in the fourth quarter. BNP Paribas Financial Markets now owns 14,660 shares of the company’s stock valued at $2,401,000 after acquiring an additional 1,972 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Up 0.8%

Shares of NASDAQ LOPE opened at $195.74 on Friday. The company’s fifty day moving average is $176.49 and its 200-day moving average is $171.03. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.42 and a beta of 0.80. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same period last year, the business posted $2.35 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOPE. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, Barrington Research lifted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th.

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.