Point72 Asset Management L.P. Has $15.72 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Point72 Asset Management L.P. lowered its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 13.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,784 shares of the company's stock after selling 16,496 shares during the period. Point72 Asset Management L.P. owned about 0.38% of Grand Canyon Education worth $15,715,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Grand Canyon Education by 47.7% during the 2nd quarter. AQR Capital Management LLC now owns 538,532 shares of the company's stock worth $74,452,000 after acquiring an additional 173,800 shares during the period. FMR LLC raised its position in Grand Canyon Education by 12.0% in the third quarter. FMR LLC now owns 1,323,406 shares of the company's stock worth $187,725,000 after purchasing an additional 141,648 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Grand Canyon Education by 41.0% during the second quarter. Renaissance Technologies LLC now owns 285,057 shares of the company's stock worth $39,882,000 after purchasing an additional 82,855 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Grand Canyon Education by 89.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company's stock valued at $24,215,000 after purchasing an additional 81,853 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in shares of Grand Canyon Education by 15.4% in the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock valued at $72,878,000 after purchasing an additional 68,579 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on LOPE. Robert W. Baird boosted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Barrington Research lifted their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, November 7th.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares of the company's stock, valued at $3,202,249.02. This represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Stock Down 1.2 %

LOPE traded down $2.01 during trading on Friday, hitting $167.79. The company's stock had a trading volume of 99,938 shares, compared to its average volume of 233,381. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76. The firm's 50 day moving average price is $149.52 and its two-hundred day moving average price is $145.39. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business had revenue of $238.30 million during the quarter, compared to analysts' expectations of $239.69 million. During the same period in the previous year, the business posted $1.26 earnings per share. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.