UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,016 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,169 shares of the company's stock after selling 7,016 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Grand Canyon Education worth $14,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LOPE. Wealth Alliance grew its stake in Grand Canyon Education by 3.8% in the second quarter. Wealth Alliance now owns 2,428 shares of the company's stock valued at $340,000 after purchasing an additional 89 shares in the last quarter. NBC Securities Inc. grew its stake in Grand Canyon Education by 12.6% in the third quarter. NBC Securities Inc. now owns 856 shares of the company's stock valued at $121,000 after purchasing an additional 96 shares in the last quarter. Capital Insight Partners LLC grew its stake in Grand Canyon Education by 2.5% in the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company's stock valued at $592,000 after purchasing an additional 105 shares in the last quarter. Allegheny Financial Group LTD grew its stake in Grand Canyon Education by 4.3% in the second quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company's stock valued at $372,000 after purchasing an additional 109 shares in the last quarter. Finally, Creative Planning grew its stake in Grand Canyon Education by 2.4% in the third quarter. Creative Planning now owns 4,723 shares of the company's stock valued at $670,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares of the company's stock, valued at $3,202,249.02. This trade represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE traded down $2.01 during midday trading on Friday, hitting $167.79. The company's stock had a trading volume of 99,938 shares, compared to its average volume of 233,381. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.41 and a beta of 0.76. The stock's 50 day simple moving average is $149.52 and its 200 day simple moving average is $145.38. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $173.37.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 8.03 EPS for the current 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.