Signaturefd LLC Decreases Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Signaturefd LLC decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,006 shares of the company’s stock after selling 257 shares during the quarter. Signaturefd LLC’s holdings in Grand Canyon Education were worth $165,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LOPE. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Grand Canyon Education in the 4th quarter valued at approximately $27,000. True Wealth Design LLC purchased a new stake in Grand Canyon Education in the 3rd quarter valued at approximately $31,000. Financial Life Planners purchased a new stake in Grand Canyon Education in the 4th quarter valued at approximately $37,000. Versant Capital Management Inc lifted its stake in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after buying an additional 167 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Grand Canyon Education in the 3rd quarter valued at approximately $86,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

LOPE has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Barrington Research increased their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

Grand Canyon Education Stock Down 0.8 %

Shares of Grand Canyon Education stock opened at $168.82 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18. The firm has a market cap of $4.85 billion, a PE ratio of 21.81, a P/E/G ratio of 1.42 and a beta of 0.78. The business’s fifty day moving average is $175.06 and its two-hundred day moving average is $160.01.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS 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.