Grand Canyon Education INC (LOPE) Share Price Rose While Riverbridge Partners LLC Has Lowered Position by $9.18 Million

June 18, 2018 - By Vivian Park

Grand Canyon Education, Inc. (NASDAQ:LOPE) LogoInvestors sentiment decreased to 0.85 in 2018 Q1. Its down 0.37, from 1.22 in 2017Q4. It dropped, 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. Morgan Stanley has invested 0% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Rice Hall James Assoc Ltd Liability Corp reported 0.31% stake. Swiss Natl Bank, Switzerland-based fund reported 79,600 shares. Loomis Sayles And LP owns 476,189 shares. Caprock Group Inc stated it has 2,885 shares. Regions Corporation holds 0% or 3,623 shares in its portfolio. State Street reported 912,170 shares or 0.01% of all its holdings. Metropolitan Life Insurance Communications Ny invested 0% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). 62,230 were accumulated by Pub Employees Retirement Of Ohio. Globeflex Lp invested in 0.23% or 10,500 shares. Rmb Capital Management Lc, Illinois-based fund reported 38,796 shares. Assetmark Inc holds 0% or 969 shares. Tributary Capital Management Ltd, Colorado-based fund reported 7,700 shares. Hightower Ltd Liability Corp accumulated 2,009 shares. Pdt Prtnrs Limited Liability has invested 0.29% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE).

Riverbridge Partners Llc decreased its stake in Grand Canyon Education Inc. (LOPE) by 3.97% based on its latest 2018Q1 regulatory filing with the SEC. Riverbridge Partners Llc sold 88,233 shares as the company’s stock rose 8.77% while stock markets declined. The hedge fund held 2.14 million shares of the consumer services company at the end of 2018Q1, valued at $224.06 million, down from 2.22M at the end of the previous reported quarter. Riverbridge Partners Llc who had been investing in Grand Canyon Education Inc. for a number of months, seems to be less bullish one the $5.54B market cap company. The stock increased 0.46% or $0.53 during the last trading session, reaching $114.88. About 315,642 shares traded or 16.78% up from the average. Grand Canyon Education, Inc. (NASDAQ:LOPE) has risen 41.33% since June 18, 2017 and is uptrending. It has outperformed by 28.76% the S&P500.

Riverbridge Partners Llc, which manages about $5.72B and $5.48 billion US Long portfolio, upped its stake in Heico Corporation (NYSE:HEI) by 368,254 shares to 1.84M shares, valued at $159.80 million in 2018Q1, according to the filing. It also increased its holding in Acuity Brands Inc. (NYSE:AYI) by 22,531 shares in the quarter, for a total of 318,850 shares, and has risen its stake in Walgreens Boots Alliance Inc..

Analysts await Grand Canyon Education, Inc. (NASDAQ:LOPE) to report earnings on August, 7. They expect $0.85 earnings per share, up 2.41 % or $0.02 from last year’s $0.83 per share. LOPE’s profit will be $40.99M for 33.79 P/E if the $0.85 EPS becomes a reality. After $1.52 actual earnings per share reported by Grand Canyon Education, Inc. for the previous quarter, Wall Street now forecasts -44.08 % negative EPS growth.

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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 has $11700 highest and $101.0 lowest target. $112’s average target is -2.51% below currents $114.88 stock price. Grand Canyon Education had 6 analyst reports since January 17, 2018 according to SRatingsIntel. The stock has “Buy” rating by Piper Jaffray on Thursday, February 22. Barrington maintained Grand Canyon Education, Inc. (NASDAQ:LOPE) rating on Thursday, February 22. Barrington has “Buy” rating and $115.0 target. The firm has “Buy” rating by Barrington given on Thursday, May 3. The company was maintained on Tuesday, April 10 by BMO Capital Markets. On Wednesday, January 17 the stock rating was maintained by BMO Capital Markets with “Buy”. On Thursday, February 22 the stock rating was maintained by Robert W. Baird with “Outperform”.

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

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