Riverbridge Partners Lowers stake in Grand Canyon Education Inc (LOPE)

Grand Canyon Education Inc (LOPE) : Riverbridge Partners reduced its stake in Grand Canyon Education Inc by 3.28% during the most recent quarter end. The investment management company now holds a total of 3,071,098 shares of Grand Canyon Education Inc which is valued at $128,218,342 after selling 104,207 shares in Grand Canyon Education Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Grand Canyon Education Inc makes up approximately 2.58% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Ngam Advisors reduced its stake in LOPE by selling 5,847 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 146,778 shares of LOPE which is valued at $6,127,982. Grand Canyon Education Inc makes up approx 0.08% of Ngam Advisors’s portfolio.Creative Planning boosted its stake in LOPE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 175 shares of Grand Canyon Education Inc which is valued at $7,312.Gw&k Investment Management reduced its stake in LOPE by selling 23,492 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 1,482,036 shares of LOPE which is valued at $61,919,464. Grand Canyon Education Inc makes up approx 1.26% of Gw&k Investment Management’s portfolio. Kistler-tiffany Companies added LOPE to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $440.

Grand Canyon Education Inc closed down -0.09 points or -0.22% at $41.66 with 1,66,907 shares getting traded on Thursday. Post opening the session at $42.11, the shares hit an intraday low of $41.34 and an intraday high of $42.11 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Grand Canyon Education Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.54. The company had revenue of $191.30 million for the quarter, compared to analysts expectations of $189.09 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Grand Canyon Education Inc. is engaged in the provision of postsecondary education. The Company is comprehensive regionally accredited university that offers 160 graduate and undergraduate degree programs through its eight colleges both online and on ground at its approximately 205 acre campus in Phoenix Arizona and onsite at facilities it leases and at facilities owned by third-party employers. The Company offers the degrees of Doctor of Education Doctor of Business Administration Doctor of Philosophy Master of Arts Master of Education Master of Business Administration and Executive Master of Business Administration Master of Public Administration Master of Public Health Master of Science Bachelor of Arts and Bachelor of Science and a range of programs for its degrees. It also offers certificate programs which consist of a series of courses focused on a particular area of study.

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