ARP Americas LP Takes Position in Grand Canyon Education Inc (NASDAQ:LOPE)

ARP Americas LP purchased a new stake in Grand Canyon Education Inc (NASDAQ:LOPE) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,100 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of Grand Canyon Education by 143.0% in the first quarter. Signaturefd LLC now owns 345 shares of the company’s stock valued at $26,000 after purchasing an additional 203 shares in the last quarter. Private Capital Group LLC grew its position in Grand Canyon Education by 9,375.0% during the first quarter. Private Capital Group LLC now owns 379 shares of the company’s stock worth $29,000 after buying an additional 375 shares in the last quarter. Parallel Advisors LLC grew its position in Grand Canyon Education by 116.3% during the first quarter. Parallel Advisors LLC now owns 824 shares of the company’s stock worth $62,000 after buying an additional 443 shares in the last quarter. Marshall Wace LLP purchased a new position in Grand Canyon Education during the first quarter worth about $77,000. Finally, Quadrant Capital Group LLC grew its position in Grand Canyon Education by 330.5% during the fourth quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $82,000 after buying an additional 671 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Shares of NASDAQ LOPE traded down $0.32 during midday trading on Friday, reaching $88.74. The company had a trading volume of 325,330 shares, compared to its average volume of 304,233. Grand Canyon Education Inc has a one year low of $57.89 and a one year high of $132.72. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average price is $91.93 and its 200-day moving average price is $86.12. The stock has a market cap of $4.20 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.62.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, May 7th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.03. Grand Canyon Education had a return on equity of 18.85% and a net margin of 32.04%. The company had revenue of $221.70 million during the quarter, compared to analyst estimates of $220.44 million. During the same quarter in the previous year, the company posted $1.62 EPS. Grand Canyon Education’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities research analysts expect that Grand Canyon Education Inc will post 5.34 EPS for the current year.

Several equities analysts recently commented on LOPE shares. Barrington Research restated a “buy” rating and set a $110.00 target price on shares of Grand Canyon Education in a research report on Monday, July 13th. BMO Capital Markets lifted their price target on Grand Canyon Education from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Zacks Investment Research raised Grand Canyon Education from a “sell” rating to a “hold” rating in a research note on Wednesday, July 8th. TheStreet raised Grand Canyon Education from a “c+” rating to a “b-” rating in a research note on Wednesday, May 20th. Finally, BidaskClub lowered Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Grand Canyon Education currently has a consensus rating of “Hold” and a consensus target price of $108.00.

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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