Loomis Sayles & Co. L P Reduces Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Loomis Sayles & Co. L P reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 286,114 shares of the company's stock after selling 6,651 shares during the quarter. Loomis Sayles & Co. L P owned about 0.98% of Grand Canyon Education worth $40,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in Grand Canyon Education during the third quarter valued at $28,000. Versant Capital Management Inc lifted its stake in Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company's stock valued at $40,000 after buying an additional 283 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Grand Canyon Education during the 3rd quarter worth approximately $60,000. Blue Trust Inc. increased its stake 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 valued at $83,000 after acquiring an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Grand Canyon Education by 46.1% during the second 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. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on LOPE shares. Barrington Research raised their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price objective on 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 lifted 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. Finally, StockNews.com lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.

Grand Canyon Education Trading Down 0.7 %

Shares of LOPE stock traded down $1.24 during trading on Tuesday, hitting $166.64. The company's stock had a trading volume of 150,267 shares, compared to its average volume of 184,085. The business has a fifty day moving average of $145.67 and a 200-day moving average of $144.18. The company has a market cap of $4.86 billion, a PE ratio of 21.90, a P/E/G ratio of 1.38 and a beta of 0.70. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $173.37.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same quarter last year, the company posted $1.26 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company's stock.

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.