Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,367 shares of the company’s stock after selling 2,833 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.47% of Grand Canyon Education worth $22,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in Grand Canyon Education during the second quarter valued at approximately $454,000. Creative Planning raised its stake in shares of Grand Canyon Education by 10.8% in the 2nd quarter. Creative Planning now owns 4,614 shares of the company’s stock valued at $646,000 after acquiring an additional 451 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Grand Canyon Education by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 16,261 shares of the company’s stock valued at $2,275,000 after acquiring an additional 255 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Grand Canyon Education during the 2nd quarter worth $300,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Grand Canyon Education in the 2nd quarter valued at $131,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

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

Grand Canyon Education Trading Up 1.0 %

LOPE stock opened at $174.44 on Friday. The stock’s 50 day simple moving average is $166.14 and its 200 day simple moving average is $152.12. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $176.77. The firm has a market cap of $5.08 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.30 and a beta of 0.75.

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

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

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.