Assetmark Inc. Lowers Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Assetmark Inc. reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,288 shares of the company’s stock after selling 275 shares during the period. Assetmark Inc.’s holdings in Grand Canyon Education were worth $1,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. lifted its stake in Grand Canyon Education by 13.0% during the third quarter. Crossmark Global Holdings Inc. now owns 33,931 shares of the company’s stock worth $4,813,000 after purchasing an additional 3,906 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Grand Canyon Education by 6.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 13,988 shares of the company’s stock valued at $1,984,000 after buying an additional 849 shares in the last quarter. Versor Investments LP bought a new stake in Grand Canyon Education in the 3rd quarter worth approximately $241,000. Victory Capital Management Inc. boosted its stake in Grand Canyon Education by 2.2% in the third quarter. Victory Capital Management Inc. now owns 10,075 shares of the company’s stock worth $1,429,000 after buying an additional 219 shares in the last quarter. Finally, KBC Group NV grew its position in Grand Canyon Education by 22.0% during the third quarter. KBC Group NV now owns 944 shares of the company’s stock valued at $134,000 after acquiring an additional 170 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Up 0.1 %

NASDAQ LOPE opened at $168.05 on Wednesday. The stock’s 50 day moving average is $174.09 and its 200 day moving average is $158.70. The firm has a market capitalization of $4.83 billion, a PE ratio of 21.71, a P/E/G ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating 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 business had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

LOPE has been the subject of a number of recent research reports. Barrington Research boosted their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets raised their price target on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st.

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.