Arrowpoint Asset Management LLC Has Decreased Its Holding in Grand Canyon Ed INC (LOPE) as Valuation Declined

Grand Canyon Education, Inc. (NASDAQ:LOPE) LogoInvestors sentiment decreased to 0.97 in 2018 Q3. Its down 0.19, from 1.16 in 2018Q2. It fall, as 28 investors sold LOPE shares while 105 reduced holdings. 53 funds opened positions while 76 raised stakes. 41.49 million shares or 0.51% more from 41.28 million shares in 2018Q2 were reported. Franklin owns 752,241 shares or 0.04% of their US portfolio. Stephens Investment Grp Inc Limited Co owns 126,349 shares. Huntington Natl Bank, Ohio-based fund reported 359 shares. Campbell And Investment Adviser Limited Liability Com stated it has 2,855 shares. Renaissance Technologies Limited Company has invested 0.12% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Usa Financial Portformulas reported 0.02% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Etrade Lc accumulated 3,292 shares. Bluecrest Capital Management Limited holds 27,321 shares or 0.08% of its portfolio. First Quadrant Lp Ca stated it has 122,090 shares. The Massachusetts-based Granahan Invest Mgmt Incorporated Ma has invested 0.91% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Cibc Asset Management Incorporated holds 0% in Grand Canyon Education, Inc. (NASDAQ:LOPE) or 1,773 shares. Royal Financial Bank Of Canada invested in 0.04% or 747,072 shares. Captrust Fincl Advsrs stated it has 746 shares. Polen Management Limited Liability Corp holds 0% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 5,332 shares. Envestnet Asset stated it has 0% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE).

Since December 10, 2018, it had 0 insider purchases, and 4 sales for $6.90 million activity. BACHUS DANIEL E also sold $1.67 million worth of Grand Canyon Education, Inc. (NASDAQ:LOPE) on Monday, December 10. MUELLER BRIAN E sold $3.34M worth of stock. Mildenhall Joseph N had sold 2,000 shares worth $221,420 on Tuesday, December 11.

Arrowpoint Asset Management Llc decreased its stake in Grand Canyon Ed Inc (LOPE) by 13.79% based on its latest 2018Q3 regulatory filing with the SEC. Arrowpoint Asset Management Llc sold 181,406 shares as the company’s stock declined 4.83% with the market. The institutional investor held 1.13M shares of the consumer services company at the end of 2018Q3, valued at $103.02 million, down from 1.32M 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 less bullish one the $4.43B market cap company. The stock decreased 1.76% or $1.65 during the last trading session, reaching $92.01. About 182,781 shares traded. Grand Canyon Education, Inc. (NASDAQ:LOPE) has risen 18.62% since January 14, 2018 and is uptrending. It has outperformed by 18.62% the S&P500.

Arrowpoint Asset Management Llc, which manages about $5.56 billion and $8.80B US Long portfolio, upped its stake in Bank Of The Ozarks (NASDAQ:OZRK) by 361,555 shares to 1.35M shares, valued at $64.65 million in 2018Q3, according to the filing. It also increased its holding in Cts Corp (NYSE:CTS) by 346,187 shares in the quarter, for a total of 829,241 shares, and has risen its stake in Financial Engines Inc (NASDAQ:FNGN).

Analysts await Grand Canyon Education, Inc. (NASDAQ:LOPE) to report earnings on February, 20. They expect $1.42 earnings per share, up 19.33 % or $0.23 from last year’s $1.19 per share. LOPE’s profit will be $68.35M for 16.20 P/E if the $1.42 EPS becomes a reality. After $1.06 actual earnings per share reported by Grand Canyon Education, Inc. for the previous quarter, Wall Street now forecasts 33.96 % EPS growth.

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

Among 2 analysts covering Grand Canyon Education (NASDAQ:LOPE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Grand Canyon Education had 3 analyst reports since August 9, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, December 19 by Robert W. Baird. BMO Capital Markets maintained the shares of LOPE in report on Thursday, August 9 with “Outperform” rating. The company was maintained on Thursday, August 9 by Robert W. Baird.

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

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