Los Angeles Capital Management LLC Sells 25,168 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Los Angeles Capital Management LLC lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 347,478 shares of the company's stock after selling 25,168 shares during the quarter. Los Angeles Capital Management LLC owned 1.19% of Grand Canyon Education worth $56,917,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Grand Canyon Education in the 3rd quarter worth approximately $1,867,000. Thrivent Financial for Lutherans raised its holdings in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock worth $60,092,000 after buying an additional 19,577 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock worth $352,000 after buying an additional 209 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Grand Canyon Education by 113.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock worth $1,307,000 after buying an additional 4,901 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Grand Canyon Education by 9.8% in the 3rd quarter. Raymond James & Associates now owns 66,160 shares of the company's stock worth $9,385,000 after buying an additional 5,902 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

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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 on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Grand Canyon Education Stock Up 0.9 %

LOPE stock traded up $1.64 during midday trading on Friday, reaching $179.82. 227,183 shares of the company's stock traded hands, compared to its average volume of 160,615. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.42 and a beta of 0.74. The company has a 50-day simple moving average of $172.13 and a two-hundred day simple moving average of $156.58. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. The firm had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LOPE shares. Robert W. Baird increased their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. BMO Capital Markets raised their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Barrington Research raised their price target on Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday.

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.