GW&K Investment Management LLC Sells 5,065 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

GW&K Investment Management LLC cut its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 652,682 shares of the company's stock after selling 5,065 shares during the period. Grand Canyon Education accounts for 0.9% of GW&K Investment Management LLC's investment portfolio, making the stock its 12th largest holding. GW&K Investment Management LLC owned about 2.24% of Grand Canyon Education worth $106,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOPE. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Grand Canyon Education in the 3rd quarter worth about $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 worth $60,092,000 after purchasing an additional 19,577 shares during the period. Sanctuary Advisors LLC increased its holdings in Grand Canyon Education by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock worth $352,000 after purchasing an additional 209 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in Grand Canyon Education by 113.7% in the third quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock valued at $1,307,000 after buying an additional 4,901 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Grand Canyon Education by 50.5% in the third quarter. Harbor Capital Advisors Inc. now owns 42,319 shares of the company's stock valued at $6,003,000 after buying an additional 14,207 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

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Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the 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 in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company's stock.

Grand Canyon Education Stock Down 0.7 %

LOPE traded down $1.22 during trading on Tuesday, hitting $179.68. 191,704 shares of the company's stock were exchanged, compared to its average volume of 164,116. The stock has a market cap of $5.16 billion, a P/E ratio of 23.21, a PEG ratio of 1.42 and a beta of 0.74. The business's 50 day moving average is $172.92 and its two-hundred day moving average is $157.33. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced 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 business had revenue of $292.57 million for the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOPE. Barrington Research lifted their price objective 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. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Finally, Robert W. Baird boosted their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th.

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.