Grand Canyon Education, Inc. (NASDAQ:LOPE) Stock Position Decreased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,083 shares of the company's stock after selling 2,309 shares during the period. CIBC Private Wealth Group LLC's holdings in Grand Canyon Education were worth $669,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education in the fourth quarter worth about $27,000. Financial Life Planners bought a new stake in shares of Grand Canyon Education in the 4th quarter worth approximately $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education in the 4th quarter worth approximately $59,000. Versant Capital Management Inc lifted its stake in Grand Canyon Education by 66.0% during the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company's stock valued at $69,000 after purchasing an additional 167 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Grand Canyon Education by 22.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Price Performance

NASDAQ LOPE traded up $11.70 on Wednesday, hitting $174.07. 257,345 shares of the stock were exchanged, compared to its average volume of 177,665. The company's 50-day moving average price is $175.61 and its two-hundred day moving average price is $163.11. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.42 and a beta of 0.82.

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

Analyst Ratings Changes

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

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.