Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,436 shares of the company's stock after selling 1,816 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Grand Canyon Education were worth $2,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Grand Canyon Education in the fourth quarter worth $27,000. True Wealth Design LLC bought a new position in shares of Grand Canyon Education in the third quarter worth approximately $31,000. Financial Life Planners purchased a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $59,000. Finally, Versant Capital Management Inc raised its holdings in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on LOPE shares. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. BMO Capital Markets lifted 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 upped their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th.

Grand Canyon Education Stock Performance

Shares of LOPE stock traded down $7.94 on Friday, reaching $167.21. The stock had a trading volume of 347,606 shares, compared to its average volume of 175,774. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18. The stock has a market cap of $4.80 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a 50 day simple moving average of $176.11 and a 200 day simple moving average of $162.37.

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

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.