Savant Capital LLC Trims Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Savant Capital LLC decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,921 shares of the company’s stock after selling 531 shares during the quarter. Savant Capital LLC’s holdings in Grand Canyon Education were worth $1,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOPE. Sanctuary Advisors LLC purchased a new stake in Grand Canyon Education in the 2nd quarter worth approximately $300,000. CWM LLC boosted its holdings in Grand Canyon Education by 39.2% during the third quarter. CWM LLC now owns 5,715 shares of the company’s stock worth $811,000 after buying an additional 1,608 shares in the last quarter. Inspire Investing LLC grew its position in Grand Canyon Education by 16.5% during the third quarter. Inspire Investing LLC now owns 2,896 shares of the company’s stock valued at $411,000 after buying an additional 411 shares during the period. Exchange Traded Concepts LLC increased its holdings in Grand Canyon Education by 10.9% in the third quarter. Exchange Traded Concepts LLC now owns 5,829 shares of the company’s stock valued at $827,000 after buying an additional 575 shares in the last quarter. Finally, Creative Planning raised its position in shares of Grand Canyon Education by 2.4% in the third quarter. Creative Planning now owns 4,723 shares of the company’s stock worth $670,000 after acquiring an additional 109 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Grand Canyon Education

In other 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 transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. The trade was a 6.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LOPE shares. BMO Capital Markets raised their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barrington Research reissued an “outperform” rating and issued a $180.00 price target on shares of Grand Canyon Education in a report on Monday, January 27th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Robert W. Baird lifted 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 report on Thursday, November 7th.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $182.94 on Friday. The business has a fifty day moving average price of $168.82 and a 200 day moving average price of $154.12. The company has a market cap of $5.33 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.37 and a beta of 0.74. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $183.86.

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.