Point72 Asia Singapore Pte. Ltd. Has $54,000 Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Point72 Asia Singapore Pte. Ltd. lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 35.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328 shares of the company’s stock after selling 179 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Grand Canyon Education were worth $54,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LOPE. Counterpoint Mutual Funds LLC acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth approximately $421,000. QRG Capital Management Inc. purchased a new stake in Grand Canyon Education in the 4th quarter worth approximately $255,000. Postrock Partners LLC acquired a new stake in shares of Grand Canyon Education during the 4th quarter valued at $1,715,000. JPMorgan Chase & Co. grew its holdings in shares of Grand Canyon Education by 5.7% during the 4th quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock valued at $27,388,000 after acquiring an additional 9,083 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Grand Canyon Education by 33.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,786 shares of the company’s stock valued at $7,336,000 after acquiring an additional 11,245 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 0.9%

Shares of NASDAQ:LOPE opened at $197.44 on Monday. The stock has a market capitalization of $5.60 billion, a PE ratio of 25.51, a P/E/G ratio of 1.42 and a beta of 0.80. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $202.28. The firm has a fifty day moving average price of $177.07 and a 200 day moving average price of $171.93.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to analysts’ expectations of $287.18 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 earnings per share. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LOPE shares. BMO Capital Markets increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Barrington Research lifted their price target on Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th.

About Grand Canyon Education

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.