Bank of New York Mellon Corp Trims Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Bank of New York Mellon Corp lowered its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,679 shares of the company's stock after selling 6,615 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.88% of Grand Canyon Education worth $42,044,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Grand Canyon Education during the third quarter valued at approximately $1,867,000. Thrivent Financial for Lutherans grew its stake in Grand Canyon Education by 4.8% during the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock valued at $60,092,000 after acquiring an additional 19,577 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock valued at $352,000 after acquiring an additional 209 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in Grand Canyon Education by 113.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock worth $1,307,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Grand Canyon Education by 10.7% during the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company's stock valued at $5,014,000 after purchasing an additional 3,630 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

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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 completion of the transaction, the chief technology officer now owns 21,174 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education Stock Down 1.6 %

NASDAQ LOPE traded down $2.70 during trading hours on Monday, hitting $167.83. 204,713 shares of the company were exchanged, compared to its average volume of 165,329. The stock has a market cap of $4.82 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18. The stock has a 50-day moving average price of $173.92 and a 200 day moving average price of $158.33.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly 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 analyst estimates 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, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOPE. StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. BMO Capital Markets upped their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Finally, Barrington Research raised their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, February 20th.

About Grand Canyon Education

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.