Los Angeles Capital Management LLC Sells 3,329 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Los Angeles Capital Management LLC lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,646 shares of the company's stock after selling 3,329 shares during the period. Los Angeles Capital Management LLC owned approximately 1.26% of Grand Canyon Education worth $52,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in LOPE. Reston Wealth Management LLC purchased a new stake in Grand Canyon Education during the 3rd quarter valued at about $28,000. Versant Capital Management Inc increased its position in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company's stock valued at $40,000 after purchasing an additional 283 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Grand Canyon Education in the 3rd quarter worth about $60,000. Blue Trust Inc. boosted its stake in shares of Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company's stock valued at $83,000 after purchasing an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Grand Canyon Education by 46.1% during the second quarter. GAMMA Investing LLC now owns 640 shares of the company's stock valued at $90,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

LOPE has been the topic of several recent research reports. BMO Capital Markets upped their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research note on Thursday. Robert W. Baird raised their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Barrington Research raised their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday.

Grand Canyon Education Stock Performance

Shares of LOPE traded up $8.98 during mid-day trading on Friday, hitting $172.52. 504,597 shares of the company traded hands, compared to its average volume of 162,311. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.34 and a beta of 0.70. The stock has a 50-day moving average price of $139.96 and a two-hundred day moving average price of $141.75. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $172.88.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released 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. Grand Canyon Education had a return on equity of 31.20% and a net margin of 22.09%. The firm had revenue of $238.30 million for the quarter, compared to analysts' expectations of $239.69 million. During the same period in the prior year, the firm earned $1.26 EPS. The company's revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that Grand Canyon Education, Inc. will post 7.98 EPS for the current year.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the business's 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 directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company's stock.

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.