Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,906 shares of the company’s stock after selling 3,708 shares during the period. Legal & General Group Plc owned about 0.21% of Grand Canyon Education worth $10,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in Grand Canyon Education in the fourth quarter worth $32,000. Financial Life Planners purchased a new position in Grand Canyon Education in the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education in the fourth quarter valued at $59,000. Finally, Versant Capital Management Inc boosted its position in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

LOPE has been the subject of several recent analyst reports. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Finally, Barrington Research restated an “outperform” rating and issued a $205.00 price target on shares of Grand Canyon Education in a report on Tuesday.

Grand Canyon Education Trading Down 2.4 %

Shares of NASDAQ LOPE opened at $174.32 on Friday. The company’s 50-day moving average price is $174.94 and its 200 day moving average price is $164.28. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating the consensus estimate 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 business had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. As a group, research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Grand Canyon Education 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.