Crossmark Global Holdings Inc. cut its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,322 shares of the company's stock after selling 11,609 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.08% of Grand Canyon Education worth $3,656,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Grand Canyon Education by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company's stock valued at $100,197,000 after acquiring an additional 12,509 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Grand Canyon Education by 51.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,473 shares of the company's stock worth $766,000 after purchasing an additional 1,849 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Grand Canyon Education during the second quarter worth $1,218,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Grand Canyon Education by 7.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,943 shares of the company's stock worth $272,000 after purchasing an additional 134 shares during the period. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Grand Canyon Education by 5.5% during the second quarter. Ensign Peak Advisors Inc now owns 13,758 shares of the company's stock worth $1,925,000 after purchasing an additional 715 shares during the period. 94.17% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on LOPE. BMO Capital Markets boosted their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Barrington Research upped their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th.
View Our Latest Report on LOPE
Grand Canyon Education Price Performance
Shares of LOPE stock traded down $0.23 on Thursday, hitting $171.27. The stock had a trading volume of 144,102 shares, compared to its average volume of 127,886. The firm has a market capitalization of $4.99 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.30 and a beta of 0.75. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $176.77. The company's 50 day moving average price is $165.17 and its 200-day moving average price is $151.07.
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 for the quarter, topping 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 business had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. During the same quarter in the prior year, the company earned $1.26 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.
Insider Activity at Grand Canyon Education
In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares of the company's stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.
About Grand Canyon Education
(
Free Report)
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.
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