Rhumbline Advisers Has $13.58 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Rhumbline Advisers cut its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,877 shares of the company’s stock after selling 689 shares during the quarter. Rhumbline Advisers owned about 0.28% of Grand Canyon Education worth $13,575,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LOPE. Van ECK Associates Corp lifted its stake in shares of Grand Canyon Education by 32.3% in the fourth quarter. Van ECK Associates Corp now owns 29,776 shares of the company’s stock worth $4,877,000 after buying an additional 7,263 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of Grand Canyon Education in the fourth quarter worth $280,000. Entropy Technologies LP lifted its stake in shares of Grand Canyon Education by 13.2% in the fourth quarter. Entropy Technologies LP now owns 3,421 shares of the company’s stock worth $560,000 after buying an additional 400 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Grand Canyon Education by 93.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,170 shares of the company’s stock worth $192,000 after buying an additional 565 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Grand Canyon Education in the fourth quarter worth $27,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Trading Down 3.0 %

Grand Canyon Education stock opened at $181.70 on Friday. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18. The company has a market cap of $5.22 billion, a PE ratio of 23.48, a PEG ratio of 1.42 and a beta of 0.74. The company’s 50-day moving average is $171.04 and its two-hundred day moving average is $155.64.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

LOPE has been the subject of a number of analyst reports. 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 boosted their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Barrington Research boosted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the 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 completion of the sale, the chief technology officer now owns 21,174 shares of the company’s stock, 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 can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

About Grand Canyon Education

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.