Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,184 shares of the company’s stock after selling 516 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Grand Canyon Education worth $2,487,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Grand Canyon Education during the third quarter worth about $1,867,000. Thrivent Financial for Lutherans boosted its stake in Grand Canyon Education by 4.8% during the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after buying an additional 19,577 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock valued at $352,000 after buying an additional 209 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock worth $1,307,000 after acquiring an additional 4,901 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Grand Canyon Education by 10.7% during the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock valued at $5,014,000 after acquiring an additional 3,630 shares during the last quarter. Hedge funds and other 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 business’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. The trade was 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 the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $170.53 on Friday. The business has a 50-day simple moving average of $173.92 and a 200-day simple moving average of $158.10. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18. The company has a market cap of $4.90 billion, a PE ratio of 22.03, a P/E/G ratio of 1.42 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on LOPE. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. BMO Capital Markets lifted their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, Barrington Research upped their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

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.