PNC Financial Services Group Inc. Has $764,000 Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

PNC Financial Services Group Inc. cut its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 4,666 shares of the company’s stock after selling 302 shares during the period. PNC Financial Services Group Inc.’s holdings in Grand Canyon Education were worth $764,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LOPE. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Grand Canyon Education in the fourth quarter worth approximately $27,000. True Wealth Design LLC bought a new stake in Grand Canyon Education during the third quarter worth $31,000. Financial Life Planners purchased a new stake in Grand Canyon Education in the 4th quarter valued at $37,000. Versant Capital Management Inc boosted its holdings in Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after acquiring an additional 167 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth $86,000. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Grand Canyon Education Price Performance

LOPE opened at $169.64 on Tuesday. The firm has a market capitalization of $4.87 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18. The company has a fifty day moving average price of $174.53 and a 200-day moving average price of $159.42.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the 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 owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

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.