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

June 14, 2018 - By Robert Sims

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 worsened, 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. Prelude Limited Liability holds 3,307 shares or 0.03% of its portfolio. Moreover, Trexquant Inv LP has 0.04% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 5,018 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,673 shares or 0% of their US portfolio. Natl Bank Of Montreal Can holds 5,758 shares or 0% of its portfolio. 474,042 are owned by Wells Fargo Mn. Fmr Limited holds 0.06% or 5.03M shares in its portfolio. Cubist Systematic Strategies Ltd reported 0.01% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Parkside Financial Bank owns 1,451 shares. 188,903 are held by Parametric Port Assoc Lc. Moreover, Parametrica Management Ltd has 0.44% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 3,356 shares. Illinois-based Chicago Equity Lc has invested 0.16% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Panagora Asset holds 41,962 shares. Envestnet Asset Management holds 47,877 shares. First Trust Advisors Lp has 22,000 shares for 0.01% of their portfolio. Century holds 0.03% or 307,553 shares in its portfolio.

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 $191.84M, up from 1.21M 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 $5.51B 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 $5.56B and $10.01B US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 101,000 shares to 215,560 shares, valued at $19.67 million in 2018Q1, according to the filing. It also reduced its holding in Spdr Gold Trust (GLD) by 730,000 shares in the quarter, leaving it with 200,000 shares, and cut its stake in Royal Gold Inc (Call) (NASDAQ:RGLD).

Another recent and important Grand Canyon Education, Inc. (NASDAQ:LOPE) news was published by which published an article titled: “Add These 7 GARP Stocks to Your Kitty for Maximum Returns” on June 13, 2018.

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 firm has “Buy” rating by BMO Capital Markets given on Wednesday, January 17. On Thursday, May 3 the stock rating was maintained by Barrington with “Buy”. As per Thursday, February 22, the company rating was maintained by Barrington. As per Thursday, February 22, the company rating was maintained by Piper Jaffray. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, April 10. The firm has “Outperform” rating by Robert W. Baird given on Thursday, February 22.

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

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