Wellington Management Group LLP Decreases Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wellington Management Group LLP lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 45.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,754 shares of the company's stock after selling 12,383 shares during the quarter. Wellington Management Group LLP owned 0.05% of Grand Canyon Education worth $2,417,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education in the fourth quarter valued at approximately $27,000. Financial Life Planners bought a new stake in Grand Canyon Education during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education during the fourth quarter worth $59,000. Versant Capital Management Inc lifted its stake in shares of Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company's stock valued at $69,000 after buying an additional 167 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock valued at $88,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock traded down $2.12 during mid-day trading on Thursday, hitting $176.56. 22,821 shares of the stock were exchanged, compared to its average volume of 178,984. 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 simple moving average of $175.09 and a 200 day simple moving average of $164.06. The company has a market capitalization of $5.07 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS 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 analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LOPE shares. Barrington Research restated an "outperform" rating and issued a $205.00 target price on shares of Grand Canyon Education in a report on Tuesday. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets upped their price target on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday, February 21st.

Grand Canyon Education 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.