Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,478 shares of the company’s stock after selling 551 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Grand Canyon Education were worth $406,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GeoWealth Management LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Grand Canyon Education in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Grand Canyon Education during the 4th quarter worth approximately $32,000. Financial Life Planners acquired a new position in Grand Canyon Education in the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education in the fourth quarter valued at $59,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

LOPE has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Barrington Research lifted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, April 24th.

Grand Canyon Education Trading Down 0.3%

Shares of NASDAQ LOPE opened at $195.09 on Wednesday. The company’s 50-day moving average price is $175.45 and its 200 day moving average price is $170.43. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $202.28. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the prior year, the company earned $2.35 EPS. Grand Canyon Education’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current 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.