Arrowpoint Asset Management LLC Increased Its Stake in Grand Canyon Ed INC (LOPE) by $64.75 Million as Share Price Rose

June 14, 2018 - By Adrian Mccoy

Grand Canyon Education, Inc. (NASDAQ:LOPE) LogoInvestors sentiment decreased to 0.85 in Q1 2018. Its down 0.37, from 1.22 in 2017Q4. It is negative, as 27 investors sold LOPE shares while 103 reduced holdings. 37 funds opened positions while 74 raised stakes. 42.00 million shares or 0.55% more from 41.77 million shares in 2017Q4 were reported. Eam Ltd Liability owns 0.46% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 26,444 shares. Midas has invested 0.86% in Grand Canyon Education, Inc. (NASDAQ:LOPE). First Comml Bank Of Omaha invested in 0.11% or 43,800 shares. Stevens Cap Mgmt Lp invested in 15,363 shares. Voloridge Invest Mgmt Ltd Liability reported 21,422 shares stake. Credit Suisse Ag has invested 0.01% in Grand Canyon Education, Inc. (NASDAQ:LOPE). American Grp reported 30,000 shares or 0.01% of all its holdings. Atlantic Tru Group Ltd Liability Com owns 10,989 shares or 0.01% of their US portfolio. Quantitative Llc holds 0.02% in Grand Canyon Education, Inc. (NASDAQ:LOPE) or 11,000 shares. Etrade Cap Mgmt Limited Liability holds 4,300 shares or 0.01% of its portfolio. Rice Hall James & Associates Limited Liability Company accumulated 0.31% or 75,201 shares. Hengehold Management Ltd reported 2,848 shares or 0.08% of all its holdings. Lazard Asset Mgmt Lc owns 0% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 20,012 shares. Gam Ag stated it has 13,292 shares or 0.05% of all its holdings. Cubist Systematic Strategies Lc accumulated 2,244 shares or 0.01% of the stock.

Arrowpoint Asset Management Llc increased its stake in Grand Canyon Ed Inc (LOPE) by 51.63% based on its latest 2018Q1 regulatory filing with the SEC. Arrowpoint Asset Management Llc bought 622,604 shares as the company’s stock rose 8.77% while stock markets declined. The institutional investor held 1.83M shares of the consumer services company at the end of 2018Q1, valued at $191.84 million, up from 1.21 million at the end of the previous reported quarter. Arrowpoint Asset Management Llc who had been investing in Grand Canyon Ed Inc for a number of months, seems to be bullish on the $5.51 billion market cap company. The stock increased 1.23% or $1.39 during the last trading session, reaching $114.35. About 222,555 shares traded. Grand Canyon Education, Inc. (NASDAQ:LOPE) has risen 41.33% since June 14, 2017 and is uptrending. It has outperformed by 28.76% the S&P500.

Arrowpoint Asset Management Llc, which manages about $5.56 billion and $10.01 billion US Long portfolio, decreased its stake in Marathon Pete Corp (NYSE:MPC) by 64,500 shares to 10,500 shares, valued at $768,000 in 2018Q1, according to the filing. It also reduced its holding in Eog Res Inc (NYSE:EOG) by 98,000 shares in the quarter, leaving it with 192,126 shares, and cut its stake in Stratasys Ltd (NASDAQ:SSYS).

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Grand Canyon Education, Inc. (NASDAQ:LOPE) Ratings Coverage

Among 4 analysts covering Grand Canyon Education (NASDAQ:LOPE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Grand Canyon Education had 6 analyst reports since January 17, 2018 according to SRatingsIntel. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) has “Buy” rating given on Wednesday, January 17 by BMO Capital Markets. As per Tuesday, April 10, the company rating was maintained by BMO Capital Markets. Piper Jaffray maintained the shares of LOPE in report on Thursday, February 22 with “Buy” rating. On Thursday, February 22 the stock rating was maintained by Robert W. Baird with “Outperform”. On Thursday, February 22 the stock rating was maintained by Barrington with “Buy”. The rating was maintained by Barrington on Thursday, May 3 with “Buy”.

Grand Canyon Education, Inc. (NASDAQ:LOPE) Institutional Positions Chart

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