Caxton Associates LP Lowers Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Caxton Associates LP reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 59.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,331 shares of the company’s stock after selling 6,302 shares during the quarter. Caxton Associates LP’s holdings in Grand Canyon Education were worth $606,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LOPE. Versant Capital Management Inc increased its holdings in shares of Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares in the last quarter. Blue Trust Inc. increased its holdings in Grand Canyon Education by 710.7% in the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after buying an additional 533 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Grand Canyon Education by 46.1% in the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares during the period. TFO Wealth Partners LLC raised its position in shares of Grand Canyon Education by 85,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after acquiring an additional 852 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Grand Canyon Education during the 2nd quarter worth about $131,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $142.65 on Friday. The stock’s 50 day simple moving average is $144.63 and its 200-day simple moving average is $140.34. The company has a market cap of $4.20 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. Grand Canyon Education, Inc. has a 1-year low of $112.38 and a 1-year high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same quarter last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price target on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, Barrington Research reissued an “outperform” rating and issued a $165.00 price target on shares of Grand Canyon Education in a report on Friday, September 20th.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the sale, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

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.