Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,459 shares of the company’s stock after selling 1,183 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.14% of Grand Canyon Education worth $54,293,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LOPE. FMR LLC raised its stake in shares of Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after buying an additional 141,648 shares during the period. Wasatch Advisors LP raised its stake in shares of Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after buying an additional 68,579 shares during the period. Weiss Asset Management LP acquired a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $4,942,000. Erste Asset Management GmbH acquired a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $4,833,000. Finally, Thrivent Financial for Lutherans raised its stake in Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after purchasing an additional 19,577 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LOPE shares. 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 increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, Barrington Research increased their price objective on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th.

Grand Canyon Education Stock Down 2.2 %

Shares of NASDAQ:LOPE opened at $164.86 on Friday. The business has a fifty day moving average of $174.25 and a two-hundred day moving average of $158.82. The stock has a market cap of $4.74 billion, a P/E ratio of 21.30, a PEG ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Insider Buying and Selling at Grand Canyon Education

In other 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 completion of the transaction, the chief technology officer now directly 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 document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

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.