Empowered Funds LLC lowered its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,764 shares of the company's stock after selling 2,277 shares during the period. Empowered Funds LLC's holdings in Grand Canyon Education were worth $1,272,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB boosted its stake in Grand Canyon Education by 93.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,170 shares of the company's stock worth $192,000 after buying an additional 565 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Grand Canyon Education in the fourth quarter valued at $27,000. Choreo LLC raised its position in Grand Canyon Education by 11.3% in the fourth quarter. Choreo LLC now owns 2,491 shares of the company's stock valued at $407,000 after purchasing an additional 253 shares during the period. Longboard Asset Management LP purchased a new stake in Grand Canyon Education in the fourth quarter valued at $229,000. Finally, Calamos Advisors LLC purchased a new stake in Grand Canyon Education in the fourth quarter valued at $1,742,000. Institutional investors and hedge funds own 94.17% of the company's stock.
Grand Canyon Education Price Performance
Shares of LOPE stock traded down $1.50 on Wednesday, hitting $184.02. The stock had a trading volume of 404,268 shares, compared to its average volume of 139,021. The firm has a market capitalization of $5.36 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.39 and a beta of 0.74. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $185.66. The company's 50 day moving average price is $170.10 and its 200-day moving average price is $154.97.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. 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 Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on LOPE shares. BMO Capital Markets lifted their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Barrington Research restated an "outperform" rating and issued a $180.00 target price on shares of Grand Canyon Education in a research report on Monday, January 27th. StockNews.com downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Robert W. Baird lifted their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th.
View Our Latest Report on LOPE
Grand Canyon Education Profile
(
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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