Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,471 shares of the company's stock after selling 3,052 shares during the period. Franklin Resources Inc. owned about 0.12% of Grand Canyon Education worth $5,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Grand Canyon Education by 102.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,194 shares of the company's stock valued at $18,541,000 after acquiring an additional 57,325 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Grand Canyon Education by 16.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,856 shares of the company's stock worth $795,000 after buying an additional 673 shares during the period. New Age Alpha Advisors LLC purchased a new position in Grand Canyon Education during the fourth quarter worth about $1,352,000. Norges Bank acquired a new stake in Grand Canyon Education in the 4th quarter worth about $57,838,000. Finally, Blair William & Co. IL purchased a new stake in Grand Canyon Education in the 4th quarter valued at about $364,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Down 0.1 %

Shares of Grand Canyon Education stock traded down $0.12 during trading hours on Wednesday, hitting $177.62. The company's stock had a trading volume of 66,604 shares, compared to its average volume of 178,253. The business has a fifty day moving average of $175.13 and a 200 day moving average of $163.95. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18. The company has a market capitalization of $5.10 billion, a PE ratio of 22.90, a P/E/G ratio of 1.42 and a beta of 0.82.

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

Wall Street Analyst Weigh In

LOPE has been the topic of several research analyst reports. Barrington Research reissued an "outperform" rating and issued a $205.00 target price on shares of Grand Canyon Education in a research report on Tuesday. StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets boosted their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st.

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.