Mutual of America Capital Management LLC Has $2.23 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Mutual of America Capital Management LLC decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,700 shares of the company’s stock after selling 1,086 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Grand Canyon Education worth $2,227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in Grand Canyon Education by 0.8% during the first 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 last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Grand Canyon Education by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock valued at $118,971,000 after acquiring an additional 11,179 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in Grand Canyon Education by 1.5% in 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 last quarter. Dimensional Fund Advisors LP boosted its position 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 period. Finally, AQR Capital Management LLC grew its holdings in Grand Canyon Education by 47.7% during the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock valued at $74,452,000 after purchasing an additional 173,800 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barrington Research boosted their target price 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 report on Friday, November 15th. Finally, Robert W. Baird boosted their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $166.45 on Monday. The firm’s 50-day moving average is $144.70 and its 200-day moving average is $143.93. Grand Canyon Education, Inc. has a 52-week low of $118.48 and a 52-week high of $173.37. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.35 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. During the same quarter in the prior year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. This represents a 6.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.