Robertson Stephens Wealth Management LLC Has $840,000 Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Robertson Stephens Wealth Management LLC trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 43.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,128 shares of the company's stock after selling 3,936 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Grand Canyon Education were worth $840,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LOPE. Wealth Enhancement Advisory Services LLC lifted its stake in Grand Canyon Education by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock worth $692,000 after purchasing an additional 63 shares during the period. DGS Capital Management LLC lifted its stake in Grand Canyon Education by 1.5% during the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company's stock worth $624,000 after purchasing an additional 67 shares during the period. Barclays PLC lifted its stake in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after purchasing an additional 84 shares during the period. MML Investors Services LLC increased its holdings in shares of 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 buying an additional 91 shares in the last quarter. Finally, NBC Securities Inc. increased its holdings in shares of Grand Canyon Education by 12.6% during the third quarter. NBC Securities Inc. now owns 856 shares of the company's stock worth $121,000 after buying an additional 96 shares in the last quarter. 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 business'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 owns 21,174 shares of the company's stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Grand Canyon Education Stock Up 0.1 %

LOPE traded up $0.20 during trading on Tuesday, hitting $182.00. The company had a trading volume of 184,476 shares, compared to its average volume of 129,658. The company has a market capitalization of $5.31 billion, a PE ratio of 23.92, a PEG ratio of 1.37 and a beta of 0.74. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $183.79. The firm's 50-day moving average price is $168.27 and its 200 day moving average price is $153.73.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOPE. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Barrington Research reissued an "outperform" rating and issued a $180.00 price target on shares of Grand Canyon Education in a report on Monday, January 27th. Finally, StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th.

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.