Oppenheimer Asset Management Inc. Decreases Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Oppenheimer Asset Management Inc. lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,300 shares of the company's stock after selling 2,124 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.25% of Grand Canyon Education worth $11,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education in the 4th quarter worth $27,000. Reston Wealth Management LLC purchased a new stake in shares of Grand Canyon Education during the third quarter worth about $28,000. True Wealth Design LLC bought a new stake in shares of Grand Canyon Education in the third quarter worth about $31,000. Financial Life Planners purchased a new position in Grand Canyon Education during the 4th quarter valued at about $37,000. Finally, Capital Performance Advisors LLP bought a new position in Grand Canyon Education during the 3rd quarter valued at approximately $60,000. 94.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction dated 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. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

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Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE traded up $1.08 during mid-day trading on Monday, hitting $180.90. 276,373 shares of the stock traded hands, compared to its average volume of 164,033. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.42 and a beta of 0.74. The stock has a fifty day moving average price of $172.52 and a 200-day moving average price of $157.05. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.