Chesapeake Asset Management Has Decreased Its Position in Grand Canyon Ed (LOPE) as Share Value Rose; Pinnacle Financial Partners Trimmed Apple (AAPL) Stake by $1.75 Million

January 9, 2018 - By Peter Erickson

Chesapeake Asset Management Llc decreased its stake in Grand Canyon Ed Inc (LOPE) by 22.43% based on its latest 2017Q3 regulatory filing with the SEC. Chesapeake Asset Management Llc sold 5,406 shares as the company’s stock rose 24.65% with the market. The hedge fund held 18,694 shares of the consumer services company at the end of 2017Q3, valued at $1.70 million, down from 24,100 at the end of the previous reported quarter. Chesapeake Asset Management Llc who had been investing in Grand Canyon Ed Inc for a number of months, seems to be less bullish one the $4.37 billion market cap company. The stock decreased 0.06% or $0.05 during the last trading session, reaching $90.75. About 42,386 shares traded. Grand Canyon Education, Inc. (NASDAQ:LOPE) has risen 85.46% since January 9, 2017 and is uptrending. It has outperformed by 68.76% the S&P500.

Pinnacle Financial Partners Inc decreased its stake in Apple Inc (AAPL) by 11.5% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Financial Partners Inc sold 11,381 shares as the company’s stock rose 12.78% with the market. The institutional investor held 87,548 shares of the computer manufacturing company at the end of 2017Q3, valued at $13.49M, down from 98,929 at the end of the previous reported quarter. Pinnacle Financial Partners Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $884.17B market cap company. The stock decreased 0.31% or $0.54 during the last trading session, reaching $173.81. About 7.22 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 9, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Analysts await Grand Canyon Education, Inc. (NASDAQ:LOPE) to report earnings on February, 15. They expect $1.10 EPS, up 8.91% or $0.09 from last year’s $1.01 per share. LOPE’s profit will be $52.93M for 20.63 P/E if the $1.10 EPS becomes a reality. After $0.81 actual EPS reported by Grand Canyon Education, Inc. for the previous quarter, Wall Street now forecasts 35.80% EPS growth.

Since August 9, 2017, it had 0 insider buys, and 2 selling transactions for $506,510 activity. Shares for $105,660 were sold by Meyer William Stan.

Among 6 analysts covering Grand Canyon Education (NASDAQ:LOPE), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Grand Canyon Education had 19 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Friday, August 5 by Piper Jaffray. Robert W. Baird maintained Grand Canyon Education, Inc. (NASDAQ:LOPE) on Wednesday, November 29 with “Buy” rating. As per Friday, February 17, the company rating was maintained by Barrington Research. The rating was maintained by Barrington Research on Tuesday, August 11 with “Outperform”. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Hold” rating by Zacks on Monday, August 24. The company was maintained on Thursday, July 20 by Piper Jaffray. On Wednesday, August 12 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 Wednesday, August 2. Credit Suisse initiated the shares of LOPE in report on Wednesday, February 3 with “Neutral” rating. The firm earned “Buy” rating on Friday, September 15 by BMO Capital Markets.

Investors sentiment decreased to 1.05 in Q3 2017. 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. Goldman Sachs has 113,016 shares. Price T Rowe Inc Md has 0% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 12,632 shares. Franklin Res Incorporated stated it has 907,736 shares. California State Teachers Retirement Sys holds 0.02% or 75,162 shares in its portfolio. Moreover, Sg Americas Ltd Llc has 0.01% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE). 55 are owned by Qs Investors Limited Liability Com. Moreover, Alps has 0% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 5,729 shares. 70,478 are owned by Acadian Asset Management Ltd Liability Company. Victory Mgmt Inc owns 516,907 shares or 0.11% of their US portfolio. Ngam Advisors Lp holds 0.03% in Grand Canyon Education, Inc. (NASDAQ:LOPE) or 30,343 shares. Harvest Cap Strategies Ltd Company holds 4.34% in Grand Canyon Education, Inc. (NASDAQ:LOPE) or 250,000 shares. Renaissance Ltd Limited Liability Company invested in 0.1% or 941,921 shares. California-based Neumeier Poma Investment Counsel Ltd Llc has invested 4.88% in Grand Canyon Education, Inc. (NASDAQ:LOPE). Employees Retirement Association Of Colorado reported 9,165 shares. Rice Hall James Ltd Co owns 0.26% invested in Grand Canyon Education, Inc. (NASDAQ:LOPE) for 65,560 shares.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08B for 11.59 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Since August 7, 2017, it had 0 insider buys, and 11 insider sales for $90.94 million activity. Another trade for 5,892 shares valued at $948,612 was sold by Srouji Johny. $5.00 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SEWELL D BRUCE. The insider AHRENDTS ANGELA J sold 63,388 shares worth $9.78 million. $8.79M worth of Apple Inc. (NASDAQ:AAPL) was sold by SCHILLER PHILIP W. COOK TIMOTHY D also sold $43.15M worth of Apple Inc. (NASDAQ:AAPL) on Thursday, August 24. The insider LEVINSON ARTHUR D sold $5.52M.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, September 11 by UBS. On Tuesday, September 12 the stock rating was maintained by UBS with “Buy”. As per Friday, September 4, the company rating was maintained by Oppenheimer. Morgan Stanley maintained the shares of AAPL in report on Wednesday, April 27 with “Overweight” rating. The company was maintained on Wednesday, October 28 by Piper Jaffray. The rating was maintained by Barclays Capital on Thursday, September 29 with “Overweight”. Credit Suisse maintained the shares of AAPL in report on Wednesday, October 28 with “Outperform” rating. On Friday, August 7 the stock rating was maintained by Robert W. Baird with “Buy”. Bernstein maintained the shares of AAPL in report on Tuesday, March 21 with “Outperform” rating. The stock has “Outperform” rating by Longbow on Wednesday, March 30.

Pinnacle Financial Partners Inc, which manages about $779.38M US Long portfolio, upped its stake in Emerson Elec Co (NYSE:EMR) by 7,225 shares to 80,643 shares, valued at $5.07M in 2017Q3, according to the filing. It also increased its holding in Vanguard Index Fds (VUG) by 6,439 shares in the quarter, for a total of 52,225 shares, and has risen its stake in American Elec Pwr Inc (NYSE:AEP).

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. 50,567 are owned by Horizon Investment Ltd Liability Co. Pacific Glob Mngmt accumulated 80,077 shares or 2.79% of the stock. Retail Bank Pictet And Cie (Asia) Ltd holds 3.41% or 46,902 shares in its portfolio. New England Research And Mgmt reported 11,274 shares. Mitsubishi Ufj Trust & Banking owns 10.67M shares. Annex Advisory Services Limited Liability Corp reported 28,743 shares. Private Trust Na has 2.29% invested in Apple Inc. (NASDAQ:AAPL) for 68,147 shares. First Bancorporation invested 1.55% of its portfolio in Apple Inc. (NASDAQ:AAPL). Barometer Cap Management invested 1.93% of its portfolio in Apple Inc. (NASDAQ:AAPL). Estabrook invested in 2.38% or 99,291 shares. Harris Assoc LP owns 3.70 million shares. 883,505 are held by Banque Pictet And Cie Sa. Brookstone Mgmt, a Illinois-based fund reported 19,050 shares. Seaward Management Limited Partnership invested in 5.54% or 734,769 shares. Oakwood Mngmt Ltd Limited Liability Company Ca accumulated 59,092 shares.

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