Envestnet Portfolio Solutions Inc. Has $934,000 Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Envestnet Portfolio Solutions Inc. trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) 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.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The company had revenue of $289.31 million during the quarter, compared to analysts’ expectations of $287.18 million. During the same period in the prior year, the business posted $2.35 EPS. Grand Canyon Education’s revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.

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.