GW&K Investment Management LLC Sells 5,065 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

GW&K Investment Management LLC decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 652,682 shares of the company’s stock after selling 5,065 shares during the quarter. Grand Canyon Education makes up 0.9% of GW&K Investment Management LLC’s investment portfolio, making the stock its 12th largest position. GW&K Investment Management LLC’s holdings in Grand Canyon Education were worth $106,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Grand Canyon Education by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after purchasing an additional 63 shares during the period. DGS Capital Management LLC grew its position in shares of Grand Canyon Education by 1.5% in the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock worth $624,000 after buying an additional 67 shares during the last quarter. Barclays PLC increased its stake in shares of Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after buying an additional 84 shares during the period. MML Investors Services LLC raised its holdings in shares of Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock valued at $814,000 after acquiring an additional 91 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Grand Canyon Education by 22.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock worth $88,000 after acquiring an additional 99 shares during the period. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Trading Down 0.7 %

Shares of LOPE stock opened at $178.18 on Friday. The company’s fifty day moving average price is $172.13 and its 200-day moving average price is $156.58. The stock has a market cap of $5.12 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. The business had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LOPE shares. Robert W. Baird boosted their price objective 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. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday. Barrington Research raised their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, BMO Capital Markets upped their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction 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 completion of the transaction, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

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.