Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,098 shares of the company's stock after selling 3,071 shares during the quarter. Heartland Advisors Inc. owned approximately 0.20% of Grand Canyon Education worth $9,353,000 at the end of the most recent reporting period.

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

Grand Canyon Education Price Performance

LOPE stock traded up $3.34 on Tuesday, hitting $176.36. 89,625 shares of the company were exchanged, compared to its average volume of 173,205. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The business's fifty day moving average is $175.82 and its two-hundred day moving average is $161.60.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share 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 analyst estimates of $289.62 million. Equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on LOPE shares. StockNews.com upgraded shares of 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 shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, Barrington Research lifted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th.

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.