Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,838 shares of the company's stock after selling 1,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Grand Canyon Education worth $2,922,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Grand Canyon Education in the third quarter valued at about $1,867,000. Thrivent Financial for Lutherans boosted 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 valued at $60,092,000 after buying an additional 19,577 shares in the last quarter. Sanctuary Advisors LLC grew its position 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 during the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock worth $1,307,000 after acquiring an additional 4,901 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Grand Canyon Education by 50.5% during the third quarter. Harbor Capital Advisors Inc. now owns 42,319 shares of the company's stock valued at $6,003,000 after acquiring an additional 14,207 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Up 0.6 %

Shares of NASDAQ:LOPE traded up $1.08 on Monday, hitting $180.90. 276,373 shares of the company were exchanged, compared to its average volume of 164,033. The firm has a market capitalization of $5.20 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18. The stock's 50 day moving average price is $172.92 and its 200 day moving average price is $157.33.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOPE. Barrington Research lifted their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Robert W. Baird boosted their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets upped their target price on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Finally, StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

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.