Lyon Street Capital buys $9,883,806 stake in Grand Canyon Education Inc (LOPE)

Grand Canyon Education Inc (LOPE) : Lyon Street Capital scooped up 37,115 additional shares in Grand Canyon Education Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 227,895 shares of Grand Canyon Education Inc which is valued at $9,883,806.Grand Canyon Education Inc makes up approximately 4.96% of Lyon Street Capital’s portfolio.

Other Hedge Funds, Including , Zacks Investment Management boosted its stake in LOPE in the latest quarter, The investment management firm added 427 additional shares and now holds a total of 24,324 shares of Grand Canyon Education Inc which is valued at $1,054,932. Grand Canyon Education Inc makes up approx 0.03% of Zacks Investment Management’s portfolio.Citadel Advisors boosted its stake in LOPE in the latest quarter, The investment management firm added 84,304 additional shares and now holds a total of 112,067 shares of Grand Canyon Education Inc which is valued at $4,860,346. Grand Canyon Education Inc makes up approx 0.01% of Citadel Advisors’s portfolio.Rhumbline Advisers boosted its stake in LOPE in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 50,706 shares of Grand Canyon Education Inc which is valued at $2,199,119. Grand Canyon Education Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio. Tower Research Capital (trc) added LOPE to its portfolio by purchasing 1 company shares during the most recent quarter which is valued at $43.

Grand Canyon Education Inc opened for trading at $41.58 and hit $41.96 on the upside on Thursday, eventually ending the session at $41.62, with a gain of 0.22% or 0.09 points. The heightened volatility saw the trading volume jump to 1,44,268 shares. Company has a market cap of $1,962 M.

On the company’s financial health, Grand Canyon Education Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.54. The company had revenue of $191.30 million for the quarter, compared to analysts expectations of $189.09 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Grand Canyon Education Inc. Company shares were Reiterated by Piper Jaffray on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 53 from a previous price target of $49 .

Grand Canyon Education Inc. is engaged in the provision of postsecondary education. The Company is comprehensive regionally accredited university that offers 160 graduate and undergraduate degree programs through its eight colleges both online and on ground at its approximately 205 acre campus in Phoenix Arizona and onsite at facilities it leases and at facilities owned by third-party employers. The Company offers the degrees of Doctor of Education Doctor of Business Administration Doctor of Philosophy Master of Arts Master of Education Master of Business Administration and Executive Master of Business Administration Master of Public Administration Master of Public Health Master of Science Bachelor of Arts and Bachelor of Science and a range of programs for its degrees. It also offers certificate programs which consist of a series of courses focused on a particular area of study.

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