As Grand Canyon Education INC (LOPE) Share Value Rose, Riverbridge Partners LLC Trimmed Its Stake by $9.18 Million

June 18, 2018 - By Christine McCrea

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 dived, 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. Jefferies Grp Inc Limited Liability Company reported 0% stake. Walleye Trading Ltd Liability holds 0% or 2,464 shares. Eam Invsts Ltd Liability Corp owns 26,444 shares. The Illinois-based Zacks Management has invested 0.12% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Goldman Sachs Grp holds 0.01% in Grand Canyon Education, Inc. (NASDAQ:LOPE) or 209,783 shares. Millennium Mngmt Lc has invested 0.03% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). Driehaus Management Ltd Liability Company reported 38,777 shares stake. Hightower Advsrs Limited Co holds 2,009 shares. Paloma Partners Mgmt Communication has 0.01% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 9,055 shares. 374,872 were reported by Ardevora Asset Mgmt Ltd Liability Partnership. Fifth Third Bankshares accumulated 1,575 shares or 0% of the stock. Zebra Cap Mgmt Lc holds 0.33% or 8,765 shares. Van Berkom & Associates Inc has 4.35% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 1.37M shares. Martingale Asset Mgmt LP has invested 0.02% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). The Massachusetts-based Bogle Invest Mngmt Lp De has invested 0.83% 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 2.14M shares of the consumer services company at the end of 2018Q1, valued at $224.06M, down from 2.22 million 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 $5.48B US Long portfolio, upped its stake in Swift Transportation Ho by 534,543 shares to 1.30M shares, valued at $59.97 million in 2018Q1, according to the filing. It also increased its holding in Neogen Corporation (NASDAQ:NEOG) by 250,868 shares in the quarter, for a total of 1.01M shares, and has risen its stake in Acuity Brands Inc. (NYSE:AYI).

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

More recent Grand Canyon Education, Inc. (NASDAQ:LOPE) news were published by: Investorplace.com which released: “Add These 7 GARP Stocks to Your Kitty for Maximum Returns” on June 13, 2018. Also Investorplace.com published the news titled: “These 5 Stocks Boast Impressive Interest Coverage Ratio” on May 31, 2018. Investorplace.com‘s news article titled: “Add These 5 GARP Stocks to Your Kitty for Maximum Returns” with publication date: May 29, 2018 was also an interesting one.

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. Barrington maintained it with “Buy” rating and $115.0 target in Thursday, February 22 report. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Buy” rating by BMO Capital Markets on Tuesday, April 10. The firm earned “Buy” rating on Wednesday, January 17 by BMO Capital Markets. The rating was maintained by Barrington on Thursday, May 3 with “Buy”. Robert W. Baird maintained the shares of LOPE in report on Thursday, February 22 with “Outperform” rating. The firm has “Buy” rating given on Thursday, February 22 by Piper Jaffray.

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

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