Fort Washington Investment Advisors Inc. OH Sells 20,290 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Fort Washington Investment Advisors Inc. OH decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,586 shares of the company's stock after selling 20,290 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.41% of Grand Canyon Education worth $19,588,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $28,000. True Wealth Design LLC purchased a new stake in Grand Canyon Education in the third quarter worth about $31,000. Capital Performance Advisors LLP bought a new position in shares of Grand Canyon Education in the third quarter worth about $60,000. Versant Capital Management Inc lifted its position in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock valued at $69,000 after buying an additional 167 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Grand Canyon Education during the 3rd quarter valued at approximately $86,000. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Barrington Research increased their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price objective 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. Finally, Robert W. Baird increased their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

Grand Canyon Education Stock Down 0.1 %

NASDAQ LOPE traded down $0.18 on Thursday, reaching $171.32. The company had a trading volume of 91,918 shares, compared to its average volume of 123,032. The stock has a market capitalization of $4.99 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $176.77. The firm'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 earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. On average, research analysts expect 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 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 transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares of the company's stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education 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.