Summit Creek Advisors LLC Upped Its Grand Canyon Education (LOPE) Position

March 16, 2018 - By Ellis Scott

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.21, from 1.26 in 2017Q2. It dropped, 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. Eaton Vance Mngmt has invested 0.04% in Grand Canyon Education, Inc. (NASDAQ:LOPE). 174,790 were reported by Ubs Asset Mgmt Americas. Ahl Partners Ltd Liability Partnership holds 18,177 shares or 0.03% of its portfolio. 516,907 are held by Victory Capital Management. Voya Invest Mngmt Ltd Liability Corp reported 21,691 shares or 0% of all its holdings. State Street Corp owns 0.01% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 898,904 shares. Vanguard Group Incorporated Inc accumulated 3.99 million shares or 0.02% of the stock. Tributary Mngmt Limited Liability Company stated it has 0.06% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Dimensional Fund Advisors Lp holds 0.05% in Grand Canyon Education, Inc. (NASDAQ:LOPE) or 1.26M shares. Conestoga Cap Llc holds 2.44% in Grand Canyon Education, Inc. (NASDAQ:LOPE) or 608,355 shares. Menta Ltd Llc reported 6,258 shares. Quantbot Ltd Partnership accumulated 0% or 543 shares. Loomis Sayles And Ltd Partnership owns 0.1% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 483,597 shares. Dupont reported 3,614 shares. Carroll Financial Associate holds 205 shares.

Summit Creek Advisors Llc increased its stake in Grand Canyon Education (LOPE) by 40.69% based on its latest 2017Q3 regulatory filing with the SEC. Summit Creek Advisors Llc bought 44,905 shares as the company’s stock rose 24.65% with the market. The institutional investor held 155,255 shares of the consumer services company at the end of 2017Q3, valued at $14.10 million, up from 110,350 at the end of the previous reported quarter. Summit Creek Advisors Llc who had been investing in Grand Canyon Education for a number of months, seems to be bullish on the $5.08 billion market cap company. The stock decreased 0.27% or $0.29 during the last trading session, reaching $105.44. About 170,100 shares traded. Grand Canyon Education, Inc. (NASDAQ:LOPE) has risen 85.46% since March 16, 2017 and is uptrending. It has outperformed by 68.76% the S&P500.

Summit Creek Advisors Llc, which manages about $971.18M and $507.71M US Long portfolio, decreased its stake in Motorcar Parts Of America (NASDAQ:MPAA) by 117,993 shares to 220,660 shares, valued at $6.50M in 2017Q3, according to the filing. It also reduced its holding in Ellie Mae Inc (NYSE:ELLI) by 46,075 shares in the quarter, leaving it with 58,254 shares, and cut its stake in Qualys Inc. (NASDAQ:QLYS).

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. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, January 17 report. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Buy” rating by Zacks on Wednesday, August 26. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Hold” rating by Zacks on Wednesday, August 12. The rating was maintained by Piper Jaffray on Wednesday, August 2 with “Buy”. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Hold”. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Buy” rating by Piper Jaffray on Monday, December 4. The company was maintained on Thursday, February 22 by Robert W. Baird. Zacks upgraded it to “Hold” rating and $41 target in Monday, August 24 report. The firm has “Outperform” rating by Credit Suisse given on Monday, March 7. The rating was maintained by Robert W. Baird on Wednesday, November 29 with “Buy”.

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