Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 14.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 119,586 shares of the company’s stock after selling 20,290 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Grand Canyon Education were worth $19,588,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. FMR LLC raised its stake in Grand Canyon Education by 12.0% during the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after buying an additional 141,648 shares in the last quarter. State Street Corp raised its position in shares of Grand Canyon Education by 0.9% during the 3rd quarter. State Street Corp now owns 883,971 shares of the company’s stock valued at $125,391,000 after acquiring an additional 8,159 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Grand Canyon Education by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock worth $100,197,000 after purchasing an additional 12,509 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Grand Canyon Education by 47.7% in the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after purchasing an additional 173,800 shares during the period. Finally, Wasatch Advisors LP increased its stake in Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock valued at $72,878,000 after purchasing an additional 68,579 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LOPE. Barrington Research raised their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets increased their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Trading Up 0.2 %

NASDAQ LOPE opened at $171.50 on Thursday. The company has a 50-day moving average price of $165.10 and a two-hundred day moving average price of $150.92. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $176.77. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.29 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. As a group, equities research analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal 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.