Grand Canyon Education, Inc. (LOPE) Stake Lowered by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 26.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 404,000 shares of the company’s stock after selling 146,000 shares during the period. TimesSquare Capital Management LLC owned approximately 0.84% of Grand Canyon Education worth $31,678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its stake in shares of Grand Canyon Education by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,113 shares of the company’s stock worth $558,000 after acquiring an additional 19 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Grand Canyon Education by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock worth $284,000 after acquiring an additional 48 shares during the period. Granite Investment Partners LLC lifted its stake in shares of Grand Canyon Education by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock worth $1,697,000 after acquiring an additional 87 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Grand Canyon Education by 5.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock worth $193,000 after acquiring an additional 129 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Grand Canyon Education by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock worth $143,000 after acquiring an additional 139 shares during the period. Institutional investors own 96.57% of the company’s stock.

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Grand Canyon Education, Inc. (LOPE) opened at 79.85 on Monday. Grand Canyon Education, Inc. has a one year low of $39.07 and a one year high of $85.94. The stock has a 50 day moving average of $79.10 and a 200-day moving average of $75.18. The stock has a market cap of $3.77 billion, a P/E ratio of 22.04 and a beta of 1.40.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.15. The business had revenue of $218.30 million during the quarter, compared to the consensus estimate of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Analysts anticipate that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.

Several research firms have recently commented on LOPE. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Barrington Research restated an “outperform” rating and issued a $89.00 target price (up previously from $85.00) on shares of Grand Canyon Education in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $78.50.

In related news, CEO Brian E. Mueller sold 29,788 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $77.12, for a total value of $2,297,250.56. Following the completion of the sale, the chief executive officer now owns 311,312 shares of the company’s stock, valued at $24,008,381.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel E. Bachus sold 10,128 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $77.17, for a total transaction of $781,577.76. Following the completion of the sale, the chief financial officer now directly owns 115,233 shares of the company’s stock, valued at approximately $8,892,530.61. The disclosure for this sale can be found here. Insiders sold 66,231 shares of company stock valued at $5,128,139 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

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.

Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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