Yousif Capital Management LLC Cuts Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Yousif Capital Management LLC decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,171 shares of the company’s stock after selling 560 shares during the quarter. Yousif Capital Management LLC’s holdings in Grand Canyon Education were worth $1,666,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Longboard Asset Management LP bought a new stake in shares of Grand Canyon Education in the fourth quarter worth about $229,000. Calamos Advisors LLC purchased a new position in Grand Canyon Education during the 4th quarter valued at approximately $1,742,000. Financial Life Planners bought a new stake in Grand Canyon Education in the 4th quarter worth approximately $37,000. Capital Insight Partners LLC raised its holdings in shares of Grand Canyon Education by 18.6% during the 4th quarter. Capital Insight Partners LLC now owns 5,215 shares of the company’s stock worth $854,000 after acquiring an additional 818 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Grand Canyon Education by 23.2% in the fourth quarter. KBC Group NV now owns 1,163 shares of the company’s stock valued at $190,000 after purchasing an additional 219 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $182.00 on Wednesday. The firm has a market capitalization of $5.31 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74. The business has a 50 day simple moving average of $168.27 and a two-hundred day simple moving average of $153.73. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $183.79.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LOPE shares. BMO Capital Markets upped their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barrington Research reissued an “outperform” rating and set a $180.00 price objective on shares of Grand Canyon Education in a research note on Monday, January 27th. Finally, StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

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.