Riverbridge Partners LLC Cut Position in Grand Canyon Education INC (LOPE) by $12.79 Million

March 18, 2018 - By Ellis Scott

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.21, from 1.26 in 2017Q2. It worsened, as 19 investors sold LOPE shares while 84 reduced holdings. 41 funds opened positions while 67 raised stakes. 42.06 million shares or 0.44% less from 42.25 million shares in 2017Q2 were reported. Fiera reported 0.06% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). Alps Inc holds 0% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 5,729 shares. Hengehold Management Ltd Company holds 0.07% or 2,848 shares. Proshare Advsrs invested 0% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). Pennsylvania-based Pitcairn has invested 0.04% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Pnc Financial Serv Gp Inc holds 0% or 31,970 shares. Gotham Asset Limited Liability Corporation owns 22,074 shares. Convergence Investment Prns Ltd Liability Corporation has invested 0.19% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). The Massachusetts-based Ngam Advsr Limited Partnership has invested 0.03% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Jefferies Ltd Com invested in 0% or 6,469 shares. Granahan Invest Mgmt Inc Ma owns 215,106 shares. Franklin Resources Incorporated accumulated 907,736 shares. Morgan Stanley reported 70,253 shares. Vanguard Gru has invested 0.02% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Wellington Grp Limited Liability Partnership owns 256,687 shares for 0.01% of their portfolio.

Riverbridge Partners Llc decreased its stake in Grand Canyon Education Inc. (LOPE) by 5.73% based on its latest 2017Q3 regulatory filing with the SEC. Riverbridge Partners Llc sold 142,121 shares as the company’s stock rose 24.65% with the market. The hedge fund held 2.34M shares of the consumer services company at the end of 2017Q3, valued at $212.25 million, down from 2.48M at the end of the previous reported quarter. Riverbridge Partners Llc who had been investing in Grand Canyon Education Inc. for a number of months, seems to be less bullish one the $5.07 billion market cap company. The stock decreased 0.38% or $0.4 during the last trading session, reaching $105.33. About 335,976 shares traded or 38.21% up from the average. Grand Canyon Education, Inc. (NASDAQ:LOPE) has risen 85.46% since March 18, 2017 and is uptrending. It has outperformed by 68.76% the S&P500.

Riverbridge Partners Llc, which manages about $5.72 billion and $5.08 billion US Long portfolio, upped its stake in Pros Holdings Inc. (NYSE:PRO) by 437,522 shares to 2.61M shares, valued at $62.89 million in 2017Q3, according to the filing. It also increased its holding in Globant S.A. (NYSE:GLOB) by 631,089 shares in the quarter, for a total of 1.63M shares, and has risen its stake in Mobile Mini Inc. (NASDAQ:MINI).

Analysts await Grand Canyon Education, Inc. (NASDAQ:LOPE) to report earnings on May, 3. They expect $1.39 EPS, up 24.11 % or $0.27 from last year’s $1.12 per share. LOPE’s profit will be $66.89 million for 18.94 P/E if the $1.39 EPS becomes a reality. After $1.19 actual EPS reported by Grand Canyon Education, Inc. for the previous quarter, Wall Street now forecasts 16.81 % EPS growth.

More notable recent Grand Canyon Education, Inc. (NASDAQ:LOPE) news were published by: Bizjournals.com which released: “Grand Canyon Education stock soars past $100 mark after getting nonprofit approval” on March 06, 2018, also Nasdaq.com with their article: “Grand Canyon Education Reaches Analyst Target Price” published on March 12, 2018, Wsj.com published: “Grand Canyon Education Again Seeks Nonprofit Status for Main University” on January 05, 2018. More interesting news about Grand Canyon Education, Inc. (NASDAQ:LOPE) were released by: Seekingalpha.com and their article: “Grand Canyon Education inks deal with Gazelle University” published on February 26, 2018 as well as Bizjournals.com‘s news article titled: “Grand Canyon University invests $100K to help Murphy School District improve …” with publication date: February 20, 2018.

Grand Canyon Education, Inc. (NASDAQ:LOPE) Ratings Coverage

Among 7 analysts covering Grand Canyon Education (NASDAQ:LOPE), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Grand Canyon Education had 23 analyst reports since August 11, 2015 according to SRatingsIntel. Zacks upgraded the shares of LOPE in report on Tuesday, September 1 to “Hold” rating. As per Friday, February 17, the company rating was maintained by Barrington Research. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 20. Piper Jaffray maintained Grand Canyon Education, Inc. (NASDAQ:LOPE) rating on Monday, December 4. Piper Jaffray has “Buy” rating and $102.0 target. On Wednesday, August 2 the stock rating was maintained by Piper Jaffray with “Buy”. Piper Jaffray maintained the stock with “Buy” rating in Thursday, February 22 report. As per Monday, March 7, the company rating was upgraded by Credit Suisse. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) has “Buy” rating given on Wednesday, August 26 by Zacks. Robert W. Baird maintained Grand Canyon Education, Inc. (NASDAQ:LOPE) on Thursday, February 22 with “Outperform” rating. The firm has “Hold” rating given on Monday, August 24 by Zacks.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: