Atria Wealth Solutions Inc. Trims Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Atria Wealth Solutions Inc. trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,573 shares of the company’s stock after selling 157 shares during the period. Atria Wealth Solutions Inc.’s holdings in Grand Canyon Education were worth $272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Burgundy Asset Management Ltd. increased its stake in shares of Grand Canyon Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company’s stock worth $144,982,000 after acquiring an additional 14,667 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Grand Canyon Education by 79.7% during the first quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company’s stock worth $66,828,000 after acquiring an additional 171,261 shares during the period. Reinhart Partners LLC. increased its stake in shares of Grand Canyon Education by 10.7% during the first quarter. Reinhart Partners LLC. now owns 366,392 shares of the company’s stock worth $63,393,000 after acquiring an additional 35,446 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Grand Canyon Education by 3.8% during the first quarter. Los Angeles Capital Management LLC now owns 360,825 shares of the company’s stock worth $62,430,000 after acquiring an additional 13,347 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new position in shares of Grand Canyon Education during the fourth quarter worth about $38,066,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Up 0.8%

Shares of LOPE opened at $197.64 on Friday. The firm’s 50-day moving average is $180.92 and its two-hundred day moving average is $180.71. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The firm has a market capitalization of $5.55 billion, a P/E ratio of 23.93, a PEG ratio of 1.44 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. During the same period in the prior year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LOPE. BMO Capital Markets dropped their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, July 7th. Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Barrington Research reiterated an “outperform” rating and set a $215.00 price target on shares of Grand Canyon Education in a research note on Thursday, August 7th.

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.