Robeco Institutional Asset Management B.V. Reduces Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Robeco Institutional Asset Management B.V. cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 139,200 shares of the company's stock after selling 7,289 shares during the period. Robeco Institutional Asset Management B.V. owned 0.47% of Grand Canyon Education worth $19,746,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of Grand Canyon Education by 16.7% in the 1st quarter. BNP Paribas Financial Markets now owns 20,341 shares of the company's stock worth $2,771,000 after acquiring an additional 2,906 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Grand Canyon Education in the 1st quarter worth about $136,000. Texas Permanent School Fund Corp increased its stake in shares of Grand Canyon Education by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 25,868 shares of the company's stock valued at $3,523,000 after purchasing an additional 335 shares during the period. Empowered Funds LLC increased its holdings in shares of Grand Canyon Education by 190.7% during the first quarter. Empowered Funds LLC now owns 26,081 shares of the company's stock valued at $3,552,000 after purchasing an additional 17,108 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Grand Canyon Education by 29.9% in the first quarter. SG Americas Securities LLC now owns 3,192 shares of the company's stock valued at $435,000 after acquiring an additional 734 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LOPE. Barrington Research increased their price target on Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a report on Thursday. Robert W. Baird lifted their price objective 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. Finally, StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now directly owns 22,674 shares of the company's stock, valued at $3,202,249.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Price Performance

LOPE stock traded up $3.38 on Thursday, reaching $163.53. 404,440 shares of the company were exchanged, compared to its average volume of 179,157. The firm has a market capitalization of $4.82 billion, a PE ratio of 21.54, a PEG ratio of 1.15 and a beta of 0.70. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $164.93. The stock's fifty day moving average price is $139.01 and its 200 day moving average price is $141.20.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.02. The company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. As a group, research analysts expect that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

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.