New York State Teachers Retirement System trimmed its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,290 shares of the company's stock after selling 3,223 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of Grand Canyon Education worth $4,172,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Private Capital Group LLC lifted its position in Grand Canyon Education by 52.7% during the 1st quarter. Private Capital Group LLC now owns 287 shares of the company's stock worth $28,000 after acquiring an additional 99 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Grand Canyon Education in the 1st quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Grand Canyon Education in the 1st quarter valued at approximately $43,000. Signaturefd LLC lifted its holdings in shares of Grand Canyon Education by 56.7% in the 1st quarter. Signaturefd LLC now owns 481 shares of the company's stock valued at $47,000 after buying an additional 174 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Grand Canyon Education by 57.9% in the 1st quarter. Parallel Advisors LLC now owns 1,023 shares of the company's stock valued at $100,000 after buying an additional 375 shares during the period. 94.51% of the stock is owned by institutional investors and hedge funds.
Get Grand Canyon Education alerts:Grand Canyon Education Stock Performance
Shares of LOPE stock opened at $83.72 on Monday. The stock has a fifty day moving average price of $82.86 and a 200 day moving average price of $88.92. The stock has a market cap of $2.68 billion, a PE ratio of 14.75, a P/E/G ratio of 0.99 and a beta of 0.44. Grand Canyon Education, Inc. has a 1 year low of $70.00 and a 1 year high of $102.04.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $199.80 million during the quarter, compared to the consensus estimate of $201.07 million. Grand Canyon Education had a return on equity of 23.44% and a net margin of 23.99%. Grand Canyon Education's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 5.63 earnings per share for the current year.Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. TheStreet cut Grand Canyon Education from a "b-" rating to a "c+" rating in a report on Tuesday, August 23rd. StockNews.com assumed coverage on Grand Canyon Education in a report on Wednesday, October 12th. They issued a "hold" rating for the company.
About Grand Canyon Education
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Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.
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