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

Point72 Asia Singapore Pte. Ltd. cut its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. GeoWealth Management LLC acquired a new position in Grand Canyon Education during the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Grand Canyon Education during the fourth quarter worth about $32,000. Financial Life Planners bought a new position in Grand Canyon Education during the fourth quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education in the 4th quarter valued at approximately $59,000. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on LOPE shares. BMO Capital Markets lifted 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. Barrington Research raised their target price on Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.

Grand Canyon Education Trading Up 0.9%

NASDAQ LOPE opened at $197.44 on Monday. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The stock’s 50 day moving average is $177.07 and its two-hundred day moving average is $171.93. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.42 and a beta of 0.80.

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, beating analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $289.31 million for the quarter, compared to analysts’ expectations of $287.18 million. During the same period in the prior year, the business posted $2.35 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Grand Canyon Education, Inc. will post 8.81 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.