Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 43.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,128 shares of the company’s stock after selling 3,936 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Grand Canyon Education were worth $840,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in Grand Canyon Education by 12.0% during 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 grew its holdings in Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after acquiring an additional 68,579 shares during the period. Assenagon Asset Management S.A. grew its holdings 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 worth $37,361,000 after acquiring an additional 43,005 shares during the period. Weiss Asset Management LP acquired a new position in Grand Canyon Education during the third quarter worth $4,942,000. Finally, Erste Asset Management GmbH acquired a new position in Grand Canyon Education during the third quarter worth $4,833,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

LOPE opened at $180.45 on Friday. The business’s fifty day moving average is $167.66 and its two-hundred day moving average is $153.28. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.33 and a beta of 0.74. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $183.79.

Grand Canyon Education (NASDAQ:LOPE) last posted its 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. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. Grand Canyon Education’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. On average, analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction 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 sale, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LOPE shares. BMO Capital Markets upped their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Grand Canyon Education in a report on Monday, January 27th. Robert W. Baird upped 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, StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

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.