Semanteon Capital Management LP Makes New Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Semanteon Capital Management LP acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,869 shares of the company’s stock, valued at approximately $379,000.

A number of other institutional investors have also recently made changes to their positions in LOPE. Burgundy Asset Management Ltd. lifted its holdings in shares of Grand Canyon Education by 2.8% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 984,511 shares of the company’s stock valued at $115,070,000 after acquiring an additional 26,647 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Grand Canyon Education by 11.9% in the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock valued at $101,904,000 after acquiring an additional 92,445 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Grand Canyon Education by 15.9% in the 3rd quarter. William Blair Investment Management LLC now owns 429,848 shares of the company’s stock valued at $50,241,000 after acquiring an additional 59,089 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Grand Canyon Education by 1.3% in the 3rd quarter. AQR Capital Management LLC now owns 384,020 shares of the company’s stock valued at $44,884,000 after acquiring an additional 4,909 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Grand Canyon Education by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 310,357 shares of the company’s stock valued at $36,275,000 after acquiring an additional 5,872 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

NASDAQ LOPE traded up $2.07 during trading on Friday, hitting $131.98. The stock had a trading volume of 262,927 shares, compared to its average volume of 198,850. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.12 and a beta of 0.59. Grand Canyon Education, Inc. has a one year low of $99.65 and a one year high of $144.94. The stock has a 50 day simple moving average of $132.47 and a 200 day simple moving average of $131.07.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.05. The business had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.65 EPS for the current year.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Grand Canyon Education in a report on Thursday, April 18th.

Grand Canyon Education Company 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.