Robeco Institutional Asset Management B.V. Cuts Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Robeco Institutional Asset Management B.V. decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,367 shares of the company's stock after selling 2,833 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.47% of Grand Canyon Education worth $22,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in Grand Canyon Education by 12.0% in the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company's stock worth $187,725,000 after purchasing an additional 141,648 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Grand Canyon Education by 15.4% in the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock valued at $72,878,000 after acquiring an additional 68,579 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Grand Canyon Education by 19.5% during the third quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company's stock worth $37,361,000 after acquiring an additional 43,005 shares during the period. Weiss Asset Management LP purchased a new position in Grand Canyon Education in the third quarter worth $4,942,000. Finally, Erste Asset Management GmbH bought a new position in Grand Canyon Education in the 3rd quarter valued at $4,833,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LOPE. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Barrington Research restated an "outperform" rating and set a $180.00 target price on shares of Grand Canyon Education in a research report on Monday, January 27th. BMO Capital Markets lifted their price target 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, StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.

Grand Canyon Education Stock Up 0.7 %

Shares of NASDAQ:LOPE traded up $1.20 during midday trading on Friday, hitting $175.64. 154,183 shares of the stock traded hands, compared to its average volume of 110,545. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $180.98. The business's 50 day moving average is $166.57 and its two-hundred day moving average is $152.47. The stock has a market capitalization of $5.12 billion, a PE ratio of 23.08, a P/E/G ratio of 1.31 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. The company had revenue of $238.30 million during 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 quarter in the prior year, the company earned $1.26 earnings per share. As a group, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

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.