Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,024 shares of the company's stock after selling 14,997 shares during the period. Sei Investments Co. owned about 0.66% of Grand Canyon Education worth $31,454,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Grand Canyon Education in the 4th quarter worth about $27,000. True Wealth Design LLC bought a new stake in Grand Canyon Education in the third quarter valued at about $31,000. Financial Life Planners acquired a new stake in Grand Canyon Education during the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd bought a new position in Grand Canyon Education during the 4th quarter worth approximately $59,000. Finally, Versant Capital Management Inc grew its position in shares of Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after acquiring an additional 167 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Trading Down 1.8 %

LOPE traded down $3.24 during trading on Friday, reaching $174.94. 273,894 shares of the company were exchanged, compared to its average volume of 173,140. The stock has a market cap of $5.03 billion, a P/E ratio of 22.60, a PEG ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18. The firm has a 50 day moving average of $175.76 and a 200 day moving average of $161.22.

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Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released 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 business had revenue of $292.57 million for 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 30.67%. As a group, analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barrington Research upped their price target on Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. BMO Capital Markets increased their target price 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, StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

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.