First Sabrepoint Capital Management LP Reduces Stock Holdings in Grand Canyon Education, Inc. $LOPE

First Sabrepoint Capital Management LP lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,000 shares of the company’s stock after selling 15,000 shares during the period. Grand Canyon Education makes up about 3.9% of First Sabrepoint Capital Management LP’s investment portfolio, making the stock its 8th largest holding. First Sabrepoint Capital Management LP owned approximately 0.21% of Grand Canyon Education worth $10,381,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LOPE. SVB Wealth LLC bought a new position in shares of Grand Canyon Education in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Grand Canyon Education in the first quarter valued at $35,000. WPG Advisers LLC bought a new position in shares of Grand Canyon Education in the first quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Grand Canyon Education by 58.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock valued at $45,000 after buying an additional 96 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Grand Canyon Education by 107.8% in the 1st quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after purchasing an additional 165 shares during the period. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LOPE shares. BMO Capital Markets lowered their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research report on Monday, July 7th. Barrington Research restated an “outperform” rating and set a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Buy” and an average price target of $203.67.

Grand Canyon Education Stock Up 0.4%

Grand Canyon Education stock opened at $201.57 on Friday. The company’s fifty day simple moving average is $184.25 and its 200-day simple moving average is $182.37. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $207.12. The stock has a market cap of $5.66 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.48 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The business had revenue of $247.50 million for the quarter, compared to analysts’ expectations of $240.90 million. During the same period in the previous year, the company posted $1.19 EPS. Grand Canyon Education’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.