Riverbridge Partners LLC Cut Grand Canyon Education INC (LOPE) Holding as Share Value Rose

March 18, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.21, from 1.26 in 2017Q2. It is negative, 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. Parkside Fin Financial Bank Tru invested in 0.06% or 1,736 shares. Utd Automobile Association holds 14,500 shares or 0% of its portfolio. Loomis Sayles And LP holds 483,597 shares or 0.1% of its portfolio. Granite Investment Ltd Liability invested in 0.12% or 22,050 shares. Jpmorgan Chase reported 0% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). Los Angeles Capital Mgmt Equity invested 0.01% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE). Riverbridge Partners Ltd stated it has 2.34M shares or 4.18% of all its holdings. Wellington Mgmt Grp Inc Ltd Liability Partnership owns 256,687 shares for 0.01% of their portfolio. 57,510 were accumulated by Maverick Capital Ltd. Citigroup has invested 0% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Caprock Gp accumulated 2,475 shares. Voloridge Inv Llc has 0.03% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE). Moreover, Amer Century Inc has 0.01% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 147,198 shares. Dupont Capital Management Corporation holds 0.01% or 3,614 shares. Millennium Limited Liability Company has invested 0% of its portfolio in Grand Canyon Education, Inc. (NASDAQ:LOPE).

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 $212.25M, 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 $5.72B and $5.08B US Long portfolio, upped its stake in Henry Schein Inc. (NASDAQ:HSIC) by 321,851 shares to 458,340 shares, valued at $37.58M in 2017Q3, according to the filing. It also increased its holding in Ishares Core S&P 500 Etf (IVV) by 22,439 shares in the quarter, for a total of 26,949 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 $66.89M 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: Nasdaq.com which released: “Grand Canyon Education Reaches Analyst Target Price” on March 12, 2018, also Bizjournals.com with their article: “Here’s how much Grand Canyon University will pay if it goes to nonprofit …” published on February 27, 2018, Bizjournals.com published: “Grand Canyon University invests $100K to help Murphy School District improve …” on February 20, 2018. More interesting news about Grand Canyon Education, Inc. (NASDAQ:LOPE) were released by: Bizjournals.com and their article: “Grand Canyon Education stock soars past $100 mark after getting nonprofit approval” published on March 06, 2018 as well as Seekingalpha.com‘s news article titled: “Grand Canyon Education inks deal with Gazelle University” with publication date: February 26, 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. Credit Suisse upgraded Grand Canyon Education, Inc. (NASDAQ:LOPE) rating on Monday, March 7. Credit Suisse has “Outperform” rating and $62 target. Piper Jaffray maintained it with “Buy” rating and $8100 target in Thursday, July 20 report. As per Tuesday, August 11, the company rating was maintained by Barrington Research. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Hold” rating by Zacks on Monday, August 24. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, January 17. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Buy” rating by Piper Jaffray on Monday, December 4. BMO Capital Markets maintained Grand Canyon Education, Inc. (NASDAQ:LOPE) on Friday, September 15 with “Buy” rating. Robert W. Baird maintained Grand Canyon Education, Inc. (NASDAQ:LOPE) on Thursday, February 22 with “Outperform” rating. The rating was initiated by Credit Suisse on Wednesday, February 3 with “Neutral”. The company was maintained on Friday, August 5 by Piper Jaffray.

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