Allspring Global Investments Holdings LLC Lowers Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allspring Global Investments Holdings LLC lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,257 shares of the company's stock after selling 14,810 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.53% of Grand Canyon Education worth $25,116,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LOPE. FMR LLC lifted its position in Grand Canyon Education by 12.0% during the third quarter. FMR LLC now owns 1,323,406 shares of the company's stock valued at $187,725,000 after purchasing an additional 141,648 shares during the period. State Street Corp lifted its holdings in shares of Grand Canyon Education by 0.9% during the 3rd quarter. State Street Corp now owns 883,971 shares of the company's stock valued at $125,391,000 after buying an additional 8,159 shares during the period. Wasatch Advisors LP boosted its stake in shares of Grand Canyon Education by 15.4% in the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock worth $72,878,000 after buying an additional 68,579 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock worth $60,092,000 after buying an additional 19,577 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Grand Canyon Education by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company's stock worth $47,185,000 after acquiring an additional 1,101 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Performance

Shares of LOPE traded down $1.79 during mid-day trading on Wednesday, reaching $183.73. The stock had a trading volume of 304,472 shares, compared to its average volume of 133,755. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.39 and a beta of 0.74. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $185.66. The business has a fifty day moving average of $170.10 and a 200 day moving average of $154.97.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares of the company's stock, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LOPE has been the topic of several research reports. BMO Capital Markets raised their target price on Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Robert W. Baird upped their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Barrington Research reiterated an "outperform" rating and set a $180.00 price target on shares of Grand Canyon Education in a research note on Monday, January 27th.

About Grand Canyon Education

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.