Connor Clark & Lunn Investment Management Ltd. Has $1.25 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 73.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,777 shares of the company's stock after selling 24,288 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Grand Canyon Education were worth $1,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in Grand Canyon Education during the third quarter valued at $28,000. Versant Capital Management Inc increased its holdings in shares of Grand Canyon Education by 14,150.0% in the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company's stock valued at $40,000 after purchasing an additional 283 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Grand Canyon Education in the third quarter worth approximately $60,000. Blue Trust Inc. boosted its holdings in shares of Grand Canyon Education by 710.7% during the second quarter. Blue Trust Inc. now owns 608 shares of the company's stock worth $83,000 after purchasing an additional 533 shares during the period. Finally, GAMMA Investing LLC grew its position in Grand Canyon Education by 46.1% during the second quarter. GAMMA Investing LLC now owns 640 shares of the company's stock valued at $90,000 after purchasing an additional 202 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Grand Canyon Education Stock Performance

LOPE opened at $166.64 on Wednesday. The firm has a market cap of $4.86 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.39 and a beta of 0.70. The business has a 50 day moving average price of $145.67 and a 200 day moving average price of $144.18. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $173.37.

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

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction 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 completion of the transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Company 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.