Stephens Inc. AR Trims Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Stephens Inc. AR decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,656 shares of the company’s stock after selling 781 shares during the quarter. Stephens Inc. AR’s holdings in Grand Canyon Education were worth $271,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Grand Canyon Education by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after purchasing an additional 63 shares during the period. DGS Capital Management LLC boosted its holdings in shares of Grand Canyon Education by 1.5% in the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after acquiring an additional 67 shares during the period. Barclays PLC boosted its holdings in shares of Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after acquiring an additional 84 shares during the period. MML Investors Services LLC grew its position in shares of Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after acquiring an additional 91 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in shares of Grand Canyon Education by 12.6% in the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $183.70 on Monday. The stock has a market capitalization of $5.35 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.37 and a beta of 0.74. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $185.52. The company’s fifty day moving average is $169.40 and its two-hundred day moving average is $154.53.

Analysts Set New Price Targets

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

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Company 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.