Rhumbline Advisers Sells 689 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Rhumbline Advisers lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,877 shares of the company’s stock after selling 689 shares during the period. Rhumbline Advisers’ holdings in Grand Canyon Education were worth $13,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Grand Canyon Education by 12.0% during the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after purchasing an additional 141,648 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Grand Canyon Education by 15.4% in the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after acquiring an additional 68,579 shares during the period. Weiss Asset Management LP acquired a new position in shares of Grand Canyon Education in the third quarter worth approximately $4,942,000. Erste Asset Management GmbH acquired a new position in shares of Grand Canyon Education in the third quarter worth approximately $4,833,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Grand Canyon Education by 14,085.2% in the third quarter. International Assets Investment Management LLC now owns 21,136 shares of the company’s stock worth $29,980,000 after acquiring an additional 20,987 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $181.70 on Friday. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18. The firm has a market cap of $5.22 billion, a PE ratio of 23.48, a P/E/G ratio of 1.42 and a beta of 0.74. The stock has a fifty day moving average price of $171.04 and a 200-day moving average price of $155.64.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. As a group, equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LOPE shares. BMO Capital Markets lifted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird lifted their price objective 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. Finally, Barrington Research boosted their price target on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.