Snowden Capital Advisors LLC Sells 170 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Snowden Capital Advisors LLC decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,005 shares of the company’s stock after selling 170 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Grand Canyon Education were worth $656,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Counterpoint Mutual Funds LLC bought a new stake in shares of Grand Canyon Education in the fourth quarter worth $421,000. QRG Capital Management Inc. acquired a new position in Grand Canyon Education in the fourth quarter valued at $255,000. Postrock Partners LLC acquired a new position in Grand Canyon Education in the fourth quarter valued at $1,715,000. JPMorgan Chase & Co. lifted its holdings in Grand Canyon Education by 5.7% in the fourth quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock valued at $27,388,000 after buying an additional 9,083 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Grand Canyon Education by 33.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,786 shares of the company’s stock valued at $7,336,000 after buying an additional 11,245 shares during the period. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

LOPE has been the topic of several recent analyst reports. BMO Capital Markets boosted 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. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Finally, Barrington Research boosted their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th.

Grand Canyon Education Trading Down 0.4%

Shares of NASDAQ LOPE opened at $197.11 on Wednesday. The firm’s 50-day moving average price is $178.31 and its 200-day moving average price is $172.53. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The firm has a market capitalization of $5.59 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the prior year, the business earned $2.35 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.