Geode Capital Management LLC Cuts Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Geode Capital Management LLC decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 514,140 shares of the company's stock after selling 4,183 shares during the quarter. Geode Capital Management LLC owned about 1.76% of Grand Canyon Education worth $84,241,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

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

Grand Canyon Education Stock Performance

Grand Canyon Education stock traded down $0.12 during midday trading on Wednesday, reaching $177.62. 66,604 shares of the company were exchanged, compared to its average volume of 178,253. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.42 and a beta of 0.82. The firm's 50-day simple moving average is $175.13 and its 200-day simple moving average is $163.95. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced 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. The business had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. On average, analysts forecast 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.