Envestnet Portfolio Solutions Inc. Sells 835 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Envestnet Portfolio Solutions Inc. lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPEFree Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,943 shares of the company’s stock after selling 835 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Grand Canyon Education were worth $1,313,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in Grand Canyon Education in the fourth quarter worth about $54,000. Blue Trust Inc. lifted its position in shares of Grand Canyon Education by 120.2% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after buying an additional 232 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Grand Canyon Education by 208.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock worth $57,000 after buying an additional 290 shares during the period. Daiwa Securities Group Inc. grew its position in Grand Canyon Education by 41.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after acquiring an additional 145 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Grand Canyon Education in the fourth quarter valued at $101,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity

In other news, Director Lisa Graham Keegan sold 270 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total transaction of $39,949.20. Following the transaction, the director now owns 2,635 shares of the company’s stock, valued at $389,874.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lisa Graham Keegan sold 270 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the transaction, the director now owns 2,635 shares in the company, valued at $389,874.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,270 shares of company stock valued at $462,724. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Down 0.1 %

Grand Canyon Education stock opened at $144.87 on Friday. The stock has a 50-day simple moving average of $134.93 and a 200 day simple moving average of $133.84. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.24 and a beta of 0.60. Grand Canyon Education, Inc. has a 12-month low of $99.65 and a 12-month high of $156.56.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. The company had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 earnings per share. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on LOPE. Barrington Research boosted their target price on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th.

Get Our Latest Stock Report on LOPE

About Grand Canyon Education

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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