Wellington Management Group LLP Has $5.34 Million Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wellington Management Group LLP lessened its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,442 shares of the company’s stock after selling 153 shares during the quarter. Wellington Management Group LLP owned approximately 0.13% of Grand Canyon Education worth $5,340,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LOPE. Norges Bank bought a new position in Grand Canyon Education during the fourth quarter worth $44,529,000. Los Angeles Capital Management LLC lifted its stake in shares of Grand Canyon Education by 75.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 410,815 shares of the company’s stock valued at $54,244,000 after purchasing an additional 176,797 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Grand Canyon Education by 105.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 333,028 shares of the company’s stock valued at $43,973,000 after purchasing an additional 170,956 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Grand Canyon Education by 824.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 173,643 shares of the company’s stock worth $22,928,000 after purchasing an additional 154,858 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in Grand Canyon Education by 59.2% in the fourth quarter. Retirement Systems of Alabama now owns 86,200 shares of the company’s stock worth $11,382,000 after purchasing an additional 32,064 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LOPE shares. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Barrington Research lifted their price target on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, Robert W. Baird increased their price objective on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th.

Insider Activity at Grand Canyon Education

In related news, Director Lisa Graham Keegan sold 270 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the sale, the director now directly owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the sale, the director now owns 2,635 shares in the company, valued at approximately $389,874.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kathy J. Claypatch sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $149.20, for a total value of $223,800.00. Following the completion of the transaction, the insider now owns 8,320 shares in the company, valued at approximately $1,241,344. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Grand Canyon Education Trading Up 3.9 %

NASDAQ LOPE opened at $139.91 on Friday. The company has a market cap of $4.16 billion, a P/E ratio of 19.57, a PEG ratio of 1.15 and a beta of 0.64. The company has a fifty day simple moving average of $139.62 and a 200 day simple moving average of $134.68. Grand Canyon Education, Inc. has a 12-month low of $100.82 and a 12-month high of $156.56.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The firm had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. During the same period last year, the company earned $2.00 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that Grand Canyon Education, Inc. will post 7.8 EPS 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.