US Bancorp DE Decreases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

US Bancorp DE trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,559 shares of the company’s stock after selling 262 shares during the period. US Bancorp DE owned approximately 0.06% of Grand Canyon Education worth $3,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of LOPE. Wealth Enhancement Advisory Services LLC raised its holdings in Grand Canyon Education by 33.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,162 shares of the company’s stock valued at $590,000 after buying an additional 1,039 shares during the period. Stephens Inc. AR purchased a new stake in Grand Canyon Education during the 3rd quarter valued at $346,000. Farther Finance Advisors LLC raised its holdings in Grand Canyon Education by 1,144.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,543 shares of the company’s stock valued at $219,000 after buying an additional 1,419 shares during the period. Van ECK Associates Corp raised its holdings in Grand Canyon Education by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 22,513 shares of the company’s stock valued at $3,029,000 after buying an additional 6,433 shares during the period. Finally, Summit Global Investments raised its holdings in Grand Canyon Education by 66.1% during the 3rd quarter. Summit Global Investments now owns 3,097 shares of the company’s stock valued at $439,000 after buying an additional 1,233 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LOPE. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Barrington Research upped their price objective 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. Finally, Robert W. Baird upped their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Trading Down 4.3 %

LOPE opened at $173.19 on Friday. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The business’s fifty day simple moving average is $173.78 and its 200-day simple moving average is $157.88. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.42 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. On average, equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.