Jane Street Group LLC Reduces Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Jane Street Group LLC lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 62.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,538 shares of the company’s stock after selling 23,889 shares during the quarter. Jane Street Group LLC’s holdings in Grand Canyon Education were worth $2,381,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LOPE. Barclays PLC boosted its holdings in shares of Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after purchasing an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after purchasing an additional 63 shares during the period. Pallas Capital Advisors LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at approximately $211,000. Park Avenue Securities LLC boosted its holdings in shares of Grand Canyon Education by 14.4% in the fourth quarter. Park Avenue Securities LLC now owns 5,302 shares of the company’s stock valued at $868,000 after purchasing an additional 666 shares during the period. Finally, Empirical Asset Management LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at approximately $231,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 0.8%

Grand Canyon Education stock opened at $195.74 on Friday. The business has a fifty day moving average of $176.49 and a two-hundred day moving average of $171.03. The firm has a market cap of $5.55 billion, a P/E ratio of 25.29, a P/E/G ratio of 1.42 and a beta of 0.80. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE) last posted its 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 analyst estimates of $287.18 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Grand Canyon Education’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.35 earnings per share. Equities analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on LOPE. BMO Capital Markets boosted their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Finally, Barrington Research upped their target price on Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th.

Grand Canyon Education 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.