Janney Montgomery Scott LLC Reduces Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Janney Montgomery Scott LLC reduced its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,482 shares of the company’s stock after selling 1,515 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of Grand Canyon Education worth $3,027,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new stake in shares of Grand Canyon Education in the 3rd quarter worth $28,000. True Wealth Design LLC purchased a new stake in Grand Canyon Education in the third quarter worth about $31,000. Capital Performance Advisors LLP bought a new position in shares of Grand Canyon Education in the third quarter worth about $60,000. Versant Capital Management Inc lifted its position in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after buying an additional 167 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Grand Canyon Education during the 3rd quarter valued at approximately $86,000. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Performance

LOPE stock opened at $175.64 on Friday. The company’s fifty day moving average price is $166.38 and its 200-day moving average price is $152.27. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $180.98. The company has a market capitalization of $5.12 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. On average, research analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Analyst Ratings Changes

LOPE has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $180.00 price target on shares of Grand Canyon Education in a report on Monday, January 27th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets raised their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a 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.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is 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.