Wasatch Advisors LP Sells 95,594 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wasatch Advisors LP reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 18.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,173 shares of the company's stock after selling 95,594 shares during the period. Wasatch Advisors LP owned approximately 1.43% of Grand Canyon Education worth $68,497,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Grand Canyon Education by 4.3% in the 3rd quarter. Wellington Management Group LLP now owns 27,137 shares of the company's stock worth $3,849,000 after purchasing an additional 1,110 shares in the last quarter. MML Investors Services LLC raised its stake in Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company's stock worth $814,000 after purchasing an additional 91 shares during the period. Barclays PLC raised its position in Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company's stock valued at $2,692,000 after purchasing an additional 84 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock worth $352,000 after purchasing an additional 209 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Grand Canyon Education in the 3rd quarter valued at about $86,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded down $2.94 during trading on Monday, reaching $171.38. 35,209 shares of the company's stock traded hands, compared to its average volume of 179,075. The stock has a market capitalization of $4.92 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18. The company has a 50 day moving average of $174.79 and a 200-day moving average of $164.85.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOPE. BMO Capital Markets raised their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Barrington Research reissued an "outperform" rating and set a $205.00 price objective on shares of Grand Canyon Education in a report on Tuesday, April 15th. Finally, StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

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.