Bank of Montreal Can Has $2.36 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Bank of Montreal Can decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,589 shares of the company's stock after selling 4,812 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Grand Canyon Education worth $2,361,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC increased its position in shares of Grand Canyon Education by 41.8% in the 3rd quarter. Cerity Partners LLC now owns 20,995 shares of the company's stock worth $2,978,000 after purchasing an additional 6,184 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in Grand Canyon Education by 113.7% in the third quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock valued at $1,307,000 after buying an additional 4,901 shares during the last quarter. Raymond James Trust N.A. raised its stake in Grand Canyon Education by 5.9% during the third quarter. Raymond James Trust N.A. now owns 1,983 shares of the company's stock valued at $281,000 after buying an additional 111 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Grand Canyon Education by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company's stock worth $47,185,000 after buying an additional 1,101 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Grand Canyon Education in the 3rd quarter worth approximately $1,867,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 6.21 % 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. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOPE. Robert W. Baird raised their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Barrington Research increased their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

Grand Canyon Education Trading Down 1.2 %

NASDAQ:LOPE traded down $2.01 during mid-day trading on Friday, hitting $167.79. The stock had a trading volume of 99,938 shares, compared to its average volume of 182,881. The company has a 50 day simple moving average of $149.01 and a 200-day simple moving average of $145.25. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.38 and a beta of 0.76. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $173.37.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The company had revenue of $238.30 million for the quarter, compared to analysts' expectations of $239.69 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Grand Canyon Education 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.