Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,632 shares of the company's stock after selling 1,831 shares during the period. Corebridge Financial Inc. owned 0.11% of Grand Canyon Education worth $5,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners grew its stake in Grand Canyon Education by 68.6% in the 4th quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after acquiring an additional 159,827 shares in the last quarter. FMR LLC grew its stake in Grand Canyon Education by 12.0% in the third quarter. FMR LLC now owns 1,323,406 shares of the company's stock worth $187,725,000 after purchasing an additional 141,648 shares in the last quarter. Wasatch Advisors LP increased its holdings in Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock worth $72,878,000 after purchasing an additional 68,579 shares during the period. Raymond James Financial Inc. bought a new stake in Grand Canyon Education during the 4th quarter valued at $10,262,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Grand Canyon Education in the 3rd quarter worth $4,942,000. Institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LOPE shares. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. BMO Capital Markets raised their target price on shares of 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 boosted their price target 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.

Grand Canyon Education Trading Down 3.1 %

Shares of LOPE traded down $5.62 during trading hours on Thursday, hitting $175.15. The company had a trading volume of 234,626 shares, compared to its average volume of 174,590. The company has a market capitalization of $5.03 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18. The company's fifty day moving average price is $176.19 and its two-hundred day moving average price is $162.06.

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

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.