Grand Canyon Education, Inc. (NASDAQ:LOPE) Position Trimmed by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 61.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,236 shares of the company’s stock after selling 5,266 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Grand Canyon Education were worth $530,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Grand Canyon Education by 14.3% during the fourth quarter. FMR LLC now owns 1,513,249 shares of the company’s stock valued at $247,870,000 after purchasing an additional 189,843 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Grand Canyon Education by 8.6% during the 4th quarter. Invesco Ltd. now owns 494,706 shares of the company’s stock valued at $81,033,000 after buying an additional 39,136 shares during the last quarter. Boston Partners increased its holdings in Grand Canyon Education by 68.6% in the fourth quarter. Boston Partners now owns 392,954 shares of the company’s stock worth $64,786,000 after buying an additional 159,827 shares during the last quarter. Norges Bank acquired a new position in Grand Canyon Education in the fourth quarter worth approximately $57,838,000. Finally, Renaissance Technologies LLC raised its position in Grand Canyon Education by 0.9% during the fourth quarter. Renaissance Technologies LLC now owns 307,202 shares of the company’s stock valued at $50,320,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

LOPE opened at $197.44 on Friday. The business has a 50 day moving average price of $177.07 and a 200 day moving average price of $171.45. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The firm has a market cap of $5.60 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Barrington Research lifted their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th.

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.