New York State Teachers Retirement System decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,397 shares of the company's stock after selling 5,248 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of Grand Canyon Education worth $5,307,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company's stock worth $187,725,000 after buying an additional 141,648 shares during the last quarter. State Street Corp increased its holdings in shares of Grand Canyon Education by 0.9% during the 3rd quarter. State Street Corp now owns 883,971 shares of the company's stock worth $125,391,000 after buying an additional 8,159 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock worth $72,878,000 after buying an additional 68,579 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Grand Canyon Education by 4.8% during 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Grand Canyon Education by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company's stock worth $47,185,000 after buying an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.
Grand Canyon Education Price Performance
Shares of NASDAQ:LOPE traded down $5.57 during mid-day trading on Friday, reaching $181.70. 229,062 shares of the company were exchanged, compared to its average volume of 152,464. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.39 and a beta of 0.74. The firm's 50-day simple moving average is $170.74 and its 200 day simple moving average is $155.40. 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 posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.93 by $0.02. The firm had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.91%. On average, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.
Insider Buying and Selling at Grand Canyon Education
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the transaction, the chief technology officer now owns 21,174 shares of the company's stock, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on LOPE. StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Robert W. Baird raised their price target on shares of 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 shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Barrington Research increased their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday.
Check Out Our Latest Stock Analysis on LOPE
About Grand Canyon Education
(
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.
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