Envestnet Portfolio Solutions Inc. trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 18.3% during the first quarter, Holdings Channel reports. The institutional investor owned 5,398 shares of the company’s stock after selling 1,213 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Grand Canyon Education were worth $934,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Grand Canyon Education by 14.3% during the fourth quarter. FMR LLC now owns 1,513,249 shares of the company’s stock valued at $247,870,000 after acquiring an additional 189,843 shares during the period. Burgundy Asset Management Ltd. raised its holdings in Grand Canyon Education by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company’s stock worth $144,982,000 after purchasing an additional 14,667 shares during the last quarter. Invesco Ltd. lifted its position in Grand Canyon Education by 8.6% during the 4th quarter. Invesco Ltd. now owns 494,706 shares of the company’s stock valued at $81,033,000 after purchasing an additional 39,136 shares during the period. Boston Partners lifted its position in Grand Canyon Education by 68.6% during the 4th quarter. Boston Partners now owns 392,954 shares of the company’s stock valued at $64,786,000 after purchasing an additional 159,827 shares during the period. Finally, Reinhart Partners LLC. boosted its stake in shares of Grand Canyon Education by 10.7% in the 1st quarter. Reinhart Partners LLC. now owns 366,392 shares of the company’s stock valued at $63,393,000 after purchasing an additional 35,446 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.
Grand Canyon Education Trading Down 1.9%
Shares of LOPE opened at $185.47 on Thursday. The stock has a market cap of $5.26 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.44 and a beta of 0.79. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $202.28. The stock’s 50-day moving average price is $188.12 and its two-hundred day moving average price is $177.37.
Analysts Set New Price Targets
Several brokerages have recently commented on LOPE. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Barrington Research lifted their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th.
Check Out Our Latest Research Report on Grand Canyon Education
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.
Recommended Stories
- Five stocks we like better than Grand Canyon Education
- When to Sell a Stock for Profit or Loss
- Top 3 Bank Stocks to Watch as Fed Rate Cuts Loom
- How to Evaluate a Stock Before Buying
- Uber and Tesla Surge on Robotaxis, Analyst Touts Texas Rides
- 3 Grocery Stocks That Are Proving They Are Still Essential
- ASML Keeps Buying Back Its Own Stock—Chasing Discount and Upside
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.