William Harris Investors Inc buys $13 Million stake in Grand Canyon Education Inc (LOPE)

Grand Canyon Education Inc (LOPE) : William Harris Investors Inc scooped up 3,136 additional shares in Grand Canyon Education Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 313,065 shares of Grand Canyon Education Inc which is valued at $13 Million.Grand Canyon Education Inc makes up approximately 3.40% of William Harris Investors Inc’s portfolio.

Other Hedge Funds, Including , 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.Geneva Advisors reduced its stake in LOPE by selling 7,173 shares or 15.71% in the most recent quarter. The Hedge Fund company now holds 38,482 shares of LOPE which is valued at $1.7 Million. Grand Canyon Education Inc makes up approx 0.03% of Geneva Advisors’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.Aperio Group reduced its stake in LOPE by selling 463 shares or 6.46% in the most recent quarter. The Hedge Fund company now holds 6,703 shares of LOPE which is valued at $293,122.

Grand Canyon Education Inc opened for trading at $41.67 and hit $42.06 on the upside on Monday, eventually ending the session at $41.84, with a gain of 0.70% or 0.29 points. The heightened volatility saw the trading volume jump to 2,32,167 shares. Company has a market cap of $1,962 M.

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.

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