14,860 Shares in Grand Canyon Education, Inc. (LOPE) Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,860 shares of the company’s stock, valued at approximately $1,350,000.

A number of other hedge funds have also recently modified their holdings of LOPE. Summit Creek Advisors LLC raised its stake in shares of Grand Canyon Education by 40.7% in the 3rd quarter. Summit Creek Advisors LLC now owns 155,255 shares of the company’s stock valued at $14,100,000 after purchasing an additional 44,905 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Grand Canyon Education in the 2nd quarter valued at about $2,364,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Grand Canyon Education in the 2nd quarter valued at about $2,970,000. Prudential Financial Inc. raised its stake in shares of Grand Canyon Education by 34.0% in the 2nd quarter. Prudential Financial Inc. now owns 207,253 shares of the company’s stock valued at $16,251,000 after purchasing an additional 52,560 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its stake in shares of Grand Canyon Education by 22.9% in the 3rd quarter. Sit Investment Associates Inc. now owns 10,475 shares of the company’s stock valued at $951,000 after purchasing an additional 1,950 shares in the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.

Shares of Grand Canyon Education, Inc. (NASDAQ LOPE) opened at $93.60 on Thursday. Grand Canyon Education, Inc. has a 12 month low of $56.52 and a 12 month high of $96.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $4,439.15, a PE ratio of 24.47, a P/E/G ratio of 1.82 and a beta of 1.35.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm had revenue of $236.21 million during the quarter, compared to analysts’ expectations of $231.43 million. During the same quarter in the prior year, the firm earned $0.62 EPS. Grand Canyon Education’s quarterly revenue was up 12.2% on a year-over-year basis. analysts expect that Grand Canyon Education, Inc. will post 3.9 EPS for the current year.

A number of equities research analysts have recently issued reports on LOPE shares. BMO Capital Markets restated a “buy” rating and issued a $85.00 target price on shares of Grand Canyon Education in a research note on Monday, September 18th. Robert W. Baird reiterated a “buy” rating and set a $100.00 price objective on shares of Grand Canyon Education in a research note on Friday, December 1st. BidaskClub lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $102.00 price objective on shares of Grand Canyon Education in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $100.40.

WARNING: “14,860 Shares in Grand Canyon Education, Inc. (LOPE) Purchased by Convergence Investment Partners LLC” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3078980/14860-shares-in-grand-canyon-education-inc-lope-purchased-by-convergence-investment-partners-llc.html.

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)

Receive News & Ratings for Grand Canyon Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.