DGS Capital Management LLC Sells 800 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

DGS Capital Management LLC cut its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,599 shares of the company’s stock after selling 800 shares during the quarter. DGS Capital Management LLC’s holdings in Grand Canyon Education were worth $590,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in Grand Canyon Education by 47.7% in the 2nd quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after buying an additional 173,800 shares during the last quarter. FMR LLC grew its stake in shares of Grand Canyon Education by 12.0% in the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after acquiring an additional 141,648 shares during the period. Wasatch Advisors LP raised its holdings in shares of Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock valued at $72,878,000 after purchasing an additional 68,579 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Grand Canyon Education by 19.5% during the third quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company’s stock valued at $37,361,000 after purchasing an additional 43,005 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in Grand Canyon Education in the third quarter worth approximately $4,942,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barrington Research boosted their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird increased their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $171.59 on Friday. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $176.77. The business has a fifty day moving average price of $165.53 and a 200-day moving average price of $151.40. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. During the same quarter in the prior year, the business posted $1.26 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

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.