Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,188 shares of the company’s stock after selling 632 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Grand Canyon Education worth $3,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Grand Canyon Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company’s stock worth $409,363,000 after buying an additional 24,871 shares during the period. Burgundy Asset Management Ltd. increased its holdings in Grand Canyon Education by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock worth $118,971,000 after buying an additional 11,179 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of Grand Canyon Education by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock worth $105,908,000 after purchasing an additional 11,540 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Grand Canyon Education by 1.8% during the 2nd 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 period. Finally, AQR Capital Management LLC grew its stake in shares of Grand Canyon Education by 47.7% during the 2nd 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. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $136.53 on Tuesday. Grand Canyon Education, Inc. has a 1 year low of $112.38 and a 1 year high of $157.53. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. The business’s 50 day moving average price is $143.25 and its 200-day moving average price is $140.79.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The firm had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same quarter last year, the firm posted $1.01 EPS. The business’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts expect that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LOPE. Barrington Research reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a research note on Friday, September 20th. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

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.