Grand Canyon Education Inc (LOPE) : Prospect Capital Advisors reduced its stake in Grand Canyon Education Inc by 25.41% during the most recent quarter end. The investment management company now holds a total of 249,450 shares of Grand Canyon Education Inc which is valued at $10.4 Million after selling 85,000 shares in Grand Canyon Education Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Grand Canyon Education Inc makes up approximately 12.25% of Prospect Capital Advisors’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in LOPE by selling 48,237 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 3,326,280 shares of LOPE which is valued at $138.2 Million. Grand Canyon Education Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio. Gsa Capital Partners Llp added LOPE to its portfolio by purchasing 9,597 company shares during the most recent quarter which is valued at $398,755. Grand Canyon Education Inc makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio. Amalgamated Bank added LOPE to its portfolio by purchasing 4,962 company shares during the most recent quarter which is valued at $206,171. Grand Canyon Education Inc makes up approx 0.02% of Amalgamated Bank’s portfolio.Washington Capital Management Inc reduced its stake in LOPE by selling 6,600 shares or 22.74% in the most recent quarter. The Hedge Fund company now holds 22,421 shares of LOPE which is valued at $931,593. Grand Canyon Education Inc makes up approx 0.68% of Washington Capital Management Inc’s portfolio.Ifp Advisors Inc reduced its stake in LOPE by selling 601 shares or 59.1% in the most recent quarter. The Hedge Fund company now holds 416 shares of LOPE which is valued at $18,275.
Grand Canyon Education Inc closed down -0.43 points or -1.03% at $41.47 with 3,86,325 shares getting traded on Wednesday. Post opening the session at $41.83, the shares hit an intraday low of $41.09 and an intraday high of $41.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Grand Canyon Education Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.89. The company had revenue of $227.00 million for the quarter, compared to analysts expectations of $223.97 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Grand Canyon Education Inc. Grand Canyon Education Inc was Upgraded by Credit Suisse to ” Outperform” on Mar 7, 2016.
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.