Envestnet Asset Management Inc. Has $32.30 Million Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Envestnet Asset Management Inc. trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,165 shares of the company's stock after selling 8,060 shares during the period. Envestnet Asset Management Inc. owned about 0.68% of Grand Canyon Education worth $32,296,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of Grand Canyon Education by 2.3% during the third quarter. Janus Henderson Group PLC now owns 14,627 shares of the company's stock valued at $2,074,000 after buying an additional 323 shares during the period. State Street Corp raised its stake in Grand Canyon Education by 0.9% during the third quarter. State Street Corp now owns 883,971 shares of the company's stock worth $125,391,000 after purchasing an additional 8,159 shares during the period. Wolverine Trading LLC increased its position in Grand Canyon Education by 16.9% during the 3rd quarter. Wolverine Trading LLC now owns 4,608 shares of the company's stock worth $656,000 after purchasing an additional 666 shares in the last quarter. Wellington Management Group LLP raised its holdings in Grand Canyon Education by 4.3% in the third quarter. Wellington Management Group LLP now owns 27,137 shares of the company's stock valued at $3,849,000 after buying an additional 1,110 shares during the period. Finally, MML Investors Services LLC lifted its position in Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company's stock valued at $814,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LOPE shares. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Barrington Research reiterated an "outperform" rating and issued a $205.00 target price on shares of Grand Canyon Education in a research note on Tuesday. Finally, StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

Grand Canyon Education Stock Performance

Shares of LOPE stock traded down $2.32 during trading hours on Thursday, hitting $176.35. 31,342 shares of the company were exchanged, compared to its average volume of 179,028. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 22.77, a P/E/G 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 business's 50-day simple moving average is $175.09 and its two-hundred day simple moving average is $164.06.

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