Los Angeles Capital Management LLC Sells 25,168 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Los Angeles Capital Management LLC lessened its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 347,478 shares of the company’s stock after selling 25,168 shares during the period. Los Angeles Capital Management LLC owned 1.19% of Grand Canyon Education worth $56,917,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Grand Canyon Education by 12.0% in the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after purchasing an additional 141,648 shares during the period. State Street Corp lifted its position in shares of Grand Canyon Education by 0.9% in the 3rd quarter. State Street Corp now owns 883,971 shares of the company’s stock worth $125,391,000 after purchasing an additional 8,159 shares during the period. Wasatch Advisors LP lifted its position in shares of Grand Canyon Education by 15.4% in the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after purchasing an additional 68,579 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after purchasing an additional 19,577 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Grand Canyon Education by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company’s stock worth $47,185,000 after purchasing an additional 1,101 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $177.59 on Tuesday. The firm has a market cap of $5.10 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.42 and a beta of 0.74. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18. The firm has a 50-day simple moving average of $171.23 and a two-hundred day simple moving average of $156.03.

Grand Canyon Education (NASDAQ:LOPE) last announced 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. 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. On average, equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LOPE. Barrington Research lifted their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Robert W. Baird lifted their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

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.