California Public Employees Retirement System Decreases Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

California Public Employees Retirement System decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,144 shares of the company's stock after selling 2,875 shares during the period. California Public Employees Retirement System owned about 0.52% of Grand Canyon Education worth $24,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock valued at $692,000 after purchasing an additional 63 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of Grand Canyon Education by 1.5% in the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company's stock worth $624,000 after acquiring an additional 67 shares in the last quarter. Barclays PLC grew its stake in shares of Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after acquiring an additional 84 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Grand Canyon Education by 1.6% in the third quarter. MML Investors Services LLC now owns 5,740 shares of the company's stock valued at $814,000 after acquiring an additional 91 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Grand Canyon Education by 2.1% in the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock valued at $759,000 after acquiring an additional 95 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

NASDAQ:LOPE traded up $3.55 during trading hours on Tuesday, hitting $170.50. The company's stock had a trading volume of 38,330 shares, compared to its average volume of 176,356. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The business's 50-day moving average is $176.03 and its two-hundred day moving average is $162.69. The company has a market capitalization of $4.90 billion, a PE ratio of 21.98, a PEG ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. As a group, analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Ratings Changes

LOPE has been the topic of a number of analyst reports. Barrington Research raised their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. BMO Capital Markets raised their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

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.