Lyon Street Capital LLC decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 25.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,826 shares of the company’s stock after selling 31,000 shares during the quarter. Grand Canyon Education comprises about 3.1% of Lyon Street Capital LLC’s portfolio, making the stock its 7th largest holding. Lyon Street Capital LLC owned approximately 0.18% of Grand Canyon Education worth $8,067,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Grand Canyon Education by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after purchasing an additional 139 shares during the last quarter. CAPROCK Group Inc. bought a new position in Grand Canyon Education during the third quarter valued at $225,000. Cubist Systematic Strategies LLC bought a new position in Grand Canyon Education during the second quarter valued at $227,000. Parametrica Management Ltd bought a new position in Grand Canyon Education during the third quarter valued at $227,000. Finally, ETRADE Capital Management LLC bought a new position in Grand Canyon Education during the third quarter valued at $231,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.
Several equities analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and set a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. Piper Jaffray Companies reiterated a “buy” rating and set a $102.00 price objective on shares of Grand Canyon Education in a research report on Monday. BidaskClub lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $100.00 price objective on shares of Grand Canyon Education in a research report on Friday, December 1st. Finally, ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $100.40.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The business had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. sell-side analysts expect that Grand Canyon Education, Inc. will post 3.9 EPS for the current year.
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Grand Canyon Education Profile
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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