Icon Wealth Advisors LLC Trims Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Icon Wealth Advisors LLC lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 32.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,903 shares of the company’s stock after selling 1,409 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Grand Canyon Education were worth $412,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in shares of Grand Canyon Education during the first quarter valued at $2,180,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Grand Canyon Education by 7.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 66,719 shares of the company’s stock worth $8,865,000 after buying an additional 4,388 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Grand Canyon Education by 46.1% during the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after buying an additional 202 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after buying an additional 283 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Grand Canyon Education by 140.4% during the second quarter. Harbor Capital Advisors Inc. now owns 28,112 shares of the company’s stock valued at $3,933,000 after buying an additional 16,420 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 Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on LOPE shares. Barrington Research lifted their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets lifted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Robert W. Baird raised their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Grand Canyon Education Stock Down 0.1 %

Shares of NASDAQ LOPE opened at $164.59 on Friday. The stock has a market capitalization of $4.80 billion, a PE ratio of 21.63, a P/E/G ratio of 1.37 and a beta of 0.70. The firm has a fifty day moving average of $147.04 and a 200-day moving average of $144.59. Grand Canyon Education, Inc. has a 52-week low of $118.48 and a 52-week high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. Equities research analysts expect that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal 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.