Home Depot (HD) Shareholder Suncoast Equity Management Has Increased Its Holding by $5.48 Million as Shares Rose; As Grand Canyon Education (LOPE) Market Value Rose, Holder Riverbridge Partners Has Trimmed Its Position by $12.79 Million

January 19, 2018 - By Vivian Park

Riverbridge Partners Llc decreased its stake in Grand Canyon Education Inc. (LOPE) by 5.73% based on its latest 2017Q3 regulatory filing with the SEC. Riverbridge Partners Llc sold 142,121 shares as the company’s stock rose 24.65% with the market. The hedge fund held 2.34M shares of the consumer services company at the end of 2017Q3, valued at $212.25M, down from 2.48M at the end of the previous reported quarter. Riverbridge Partners Llc who had been investing in Grand Canyon Education Inc. for a number of months, seems to be less bullish one the $4.51 billion market cap company. The stock increased 0.80% or $0.74 during the last trading session, reaching $93.7. About 75,660 shares traded. Grand Canyon Education, Inc. (NASDAQ:LOPE) has risen 85.46% since January 19, 2017 and is uptrending. It has outperformed by 68.76% the S&P500.

Suncoast Equity Management increased its stake in Home Depot (HD) by 79.31% based on its latest 2017Q3 regulatory filing with the SEC. Suncoast Equity Management bought 33,604 shares as the company’s stock rose 9.30% with the market. The institutional investor held 75,974 shares of the consumer services company at the end of 2017Q3, valued at $12.43M, up from 42,370 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Home Depot for a number of months, seems to be bullish on the $234.53 billion market cap company. The stock increased 1.27% or $2.51 during the last trading session, reaching $200.84. About 3.67M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 19, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, June 23. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 16. The firm earned “Buy” rating on Friday, October 13 by Robert W. Baird. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, December 7 report. The stock of The Home Depot, Inc. (NYSE:HD) earned “Hold” rating by Piper Jaffray on Friday, September 29. UBS maintained the shares of HD in report on Wednesday, November 15 with “Buy” rating. As per Wednesday, November 18, the company rating was maintained by RBC Capital Markets. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Friday, August 14 by Longbow. BMO Capital Markets maintained The Home Depot, Inc. (NYSE:HD) on Friday, December 15 with “Buy” rating. Deutsche Bank upgraded the stock to “Buy” rating in Monday, January 25 report.

Since August 16, 2017, it had 0 insider purchases, and 5 sales for $18.46 million activity. Carey Matt had sold 32,000 shares worth $5.03 million on Thursday, September 7. Roseborough Teresa Wynn sold $2.26 million worth of stock.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It is positive, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Naples Glob Lc owns 12,142 shares or 0.66% of their US portfolio. 24,000 are held by Eulav Asset Mngmt. Hbk Sorce Advisory Limited Com has invested 0.43% in The Home Depot, Inc. (NYSE:HD). Opus Capital Grp Ltd Com invested 0.22% in The Home Depot, Inc. (NYSE:HD). Monarch Capital Management Inc has 2.94% invested in The Home Depot, Inc. (NYSE:HD) for 48,179 shares. Gofen And Glossberg Ltd Il accumulated 82,069 shares. Tiemann Advsr Limited Liability owns 4,951 shares for 0.68% of their portfolio. Court Place Advsr Lc invested in 1.76% or 24,187 shares. Harvest Mgmt reported 2,515 shares. Warren Averett Asset Ltd Company holds 0.23% or 6,564 shares in its portfolio. Cim Inv Mangement owns 8,615 shares. Mondrian Invest Ptnrs holds 0% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 400 shares. Kentucky Retirement reported 0.91% in The Home Depot, Inc. (NYSE:HD). Buckhead Capital Mgmt Ltd Llc invested in 1.15% or 32,648 shares. Qvt Financial LP has 0.44% invested in The Home Depot, Inc. (NYSE:HD) for 71,857 shares.

Since August 9, 2017, it had 0 buys, and 2 insider sales for $506,510 activity. On Wednesday, August 9 the insider Mildenhall Joseph N sold $400,850.

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 20 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) has “Buy” rating given on Wednesday, August 2 by Piper Jaffray. The rating was maintained by Barrington Research on Tuesday, August 11 with “Outperform”. As per Friday, February 17, the company rating was maintained by Barrington Research. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. The firm has “Buy” rating by BMO Capital Markets given on Friday, September 15. The stock has “Hold” rating by Zacks on Tuesday, September 1. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, November 29. On Wednesday, January 17 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Grand Canyon Education, Inc. (NASDAQ:LOPE) earned “Buy” rating by Piper Jaffray on Thursday, July 20. On Monday, December 4 the stock rating was maintained by Piper Jaffray with “Buy”.

Riverbridge Partners Llc, which manages about $5.72 billion and $5.08B US Long portfolio, upped its stake in Wageworks Inc. (NYSE:WAGE) by 94,088 shares to 788,112 shares, valued at $47.84M in 2017Q3, according to the filing. It also increased its holding in Snap (NYSE:SNA) by 8,199 shares in the quarter, for a total of 224,957 shares, and has risen its stake in Globant S.A. (NYSE:GLOB).

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