Intech Investment Management LLC reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 60.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,413 shares of the company's stock after selling 5,296 shares during the period. Intech Investment Management LLC's holdings in Grand Canyon Education were worth $484,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC bought a new position in shares of Grand Canyon Education in the 3rd quarter worth $28,000. Versant Capital Management Inc raised its position in shares of Grand Canyon Education by 14,150.0% in the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company's stock worth $40,000 after acquiring an additional 283 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Grand Canyon Education in the 3rd quarter worth $60,000. Blue Trust Inc. raised its position in shares of Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company's stock worth $83,000 after acquiring an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company's stock worth $90,000 after acquiring an additional 202 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.
Grand Canyon Education Stock Performance
LOPE stock traded up $2.50 on Monday, hitting $167.09. 242,540 shares of the company's stock were exchanged, compared to its average volume of 183,760. The firm has a 50 day moving average price of $147.50 and a two-hundred day moving average price of $144.75. The stock has a market cap of $4.87 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $173.37.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million for 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 company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Robert W. Baird boosted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. BMO Capital Markets boosted their target price on Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Barrington Research boosted their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th.
Get Our Latest Report on Grand Canyon Education
Insider Buying and Selling at Grand Canyon Education
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares of the company's stock, valued at $3,202,249.02. This represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company's stock.
Grand Canyon Education Profile
(
Free Report)
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.
Further Reading
Before you consider Grand Canyon Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grand Canyon Education wasn't on the list.
While Grand Canyon Education currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
