Riverbridge Partners LLC Has $234.06 Million Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Riverbridge Partners LLC decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,428,922 shares of the company's stock after selling 93,826 shares during the period. Grand Canyon Education comprises about 3.2% of Riverbridge Partners LLC's holdings, making the stock its 4th largest holding. Riverbridge Partners LLC owned about 4.90% of Grand Canyon Education worth $234,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of LOPE. AQR Capital Management LLC raised its position in shares of Grand Canyon Education by 47.7% during the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company's stock worth $74,452,000 after acquiring an additional 173,800 shares during the last quarter. FMR LLC raised its holdings in 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 purchasing an additional 141,648 shares during the last quarter. Wasatch Advisors LP raised its holdings in 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 purchasing an additional 68,579 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Grand Canyon Education by 1,481.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,821 shares of the company's stock worth $9,069,000 after purchasing an additional 60,723 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Grand Canyon Education by 19.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company's stock worth $37,361,000 after purchasing an additional 43,005 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOPE. BMO Capital Markets lifted their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Barrington Research lifted their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded down $0.23 during mid-day trading on Thursday, hitting $171.27. The company had a trading volume of 144,102 shares, compared to its average volume of 127,886. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $176.77. The company has a market capitalization of $4.99 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75. The firm has a fifty day moving average price of $165.17 and a 200 day moving average price of $151.07.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted 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. The firm had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. Research analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

About Grand Canyon Education

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.