Los Angeles Capital Management LLC Decreases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Los Angeles Capital Management LLC lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 17.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 375,975 shares of the company’s stock after selling 80,864 shares during the quarter. Los Angeles Capital Management LLC owned 1.26% of Grand Canyon Education worth $52,603,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in Grand Canyon Education by 14,150.0% during the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares in the last quarter. Blue Trust Inc. boosted its holdings in Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after buying an additional 202 shares during the last quarter. TFO Wealth Partners LLC increased its stake in Grand Canyon Education by 85,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after buying an additional 852 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Grand Canyon Education during the first quarter valued at approximately $132,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

LOPE has been the subject of several research reports. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Barrington Research reiterated an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a research report on Wednesday, August 7th. Finally, BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Grand Canyon Education Price Performance

Grand Canyon Education stock traded down $4.73 during trading on Friday, reaching $137.41. 104,567 shares of the company were exchanged, compared to its average volume of 184,472. The stock’s 50 day simple moving average is $145.23 and its two-hundred day simple moving average is $139.51. The company has a market capitalization of $4.09 billion, a P/E ratio of 19.22, a PEG ratio of 1.21 and a beta of 0.69. Grand Canyon Education, Inc. has a 52-week low of $110.42 and a 52-week high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. The business had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 7.98 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.