Prospect Capital Advisors buys $16,779,593 stake in Grand Canyon Education Inc (LOPE)

Grand Canyon Education Inc (LOPE) : Prospect Capital Advisors scooped up 55,500 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 Nov 14, 2016. The investment management firm now holds a total of 305,250 shares of Grand Canyon Education Inc which is valued at $16,779,593.Grand Canyon Education Inc makes up approximately 11.78% of Prospect Capital Advisors’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp boosted its stake in LOPE in the latest quarter, The investment management firm added 26,900 additional shares and now holds a total of 80,325 shares of Grand Canyon Education Inc which is valued at $4,415,465. Grand Canyon Education Inc makes up approx 0.02% of Two Sigma Advisers Lp’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 $48.Alps Advisors Inc boosted its stake in LOPE in the latest quarter, The investment management firm added 703 additional shares and now holds a total of 10,284 shares of Grand Canyon Education Inc which is valued at $454,039.First Trust Advisors Lp reduced its stake in LOPE by selling 13,380 shares or 42.68% in the most recent quarter. The Hedge Fund company now holds 17,969 shares of LOPE which is valued at $793,331.

Grand Canyon Education Inc closed down -0.06 points or -0.11% at $56.4 with 10,61,358 shares getting traded on Monday. Post opening the session at $56.09, the shares hit an intraday low of $55.33 and an intraday high of $56.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Grand Canyon Education Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.61. The company had revenue of $210.40 million for the quarter, compared to analysts expectations of $206.21 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

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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