LRI Investments LLC Sells 190 Shares of Grand Canyon Education, Inc. $LOPE

LRI Investments LLC lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 26.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 525 shares of the company’s stock after selling 190 shares during the period. LRI Investments LLC’s holdings in Grand Canyon Education were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Grand Canyon Education by 6.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,070 shares of the company’s stock valued at $1,148,000 after purchasing an additional 358 shares during the last quarter. Monument Capital Management lifted its holdings in shares of Grand Canyon Education by 3.2% in the 2nd quarter. Monument Capital Management now owns 19,321 shares of the company’s stock valued at $3,652,000 after acquiring an additional 594 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Grand Canyon Education by 2,172.7% in the 2nd quarter. IFP Advisors Inc now owns 250 shares of the company’s stock valued at $47,000 after acquiring an additional 239 shares during the last quarter. Callan Family Office LLC bought a new position in shares of Grand Canyon Education in the 2nd quarter valued at about $852,000. Finally, 111 Capital lifted its holdings in shares of Grand Canyon Education by 43.2% in the 2nd quarter. 111 Capital now owns 2,328 shares of the company’s stock valued at $440,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LOPE shares. BMO Capital Markets lowered their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, July 7th. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Tuesday, September 23rd. Zacks Research downgraded shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grand Canyon Education in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.67.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $207.71 on Tuesday. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $220.79. The firm has a market capitalization of $5.83 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.53 and a beta of 0.76. The company’s 50-day moving average is $205.09 and its 200 day moving average is $189.86.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. During the same period in the prior year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.