Louisiana State Employees Retirement System Sells 100 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Louisiana State Employees Retirement System trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Grand Canyon Education were worth $1,310,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Grand Canyon Education in the fourth quarter worth approximately $27,000. Reston Wealth Management LLC purchased a new stake in Grand Canyon Education in the third quarter worth about $28,000. True Wealth Design LLC bought a new stake in Grand Canyon Education during the 3rd quarter valued at approximately $31,000. Financial Life Planners purchased a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $37,000. Finally, Capital Performance Advisors LLP bought a new position in Grand Canyon Education in the third quarter worth $60,000. Institutional investors own 94.17% of the company’s stock.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education Trading Up 0.4 %

Shares of LOPE opened at $183.70 on Monday. The business’s 50 day moving average is $169.40 and its 200 day moving average is $154.53. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $185.52. The company has a market capitalization of $5.35 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LOPE shares. Barrington Research restated an “outperform” rating and set a $180.00 price target on shares of Grand Canyon Education in a report on Monday, January 27th. BMO Capital Markets lifted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird upped their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com lowered shares of 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.