Loomis Sayles & Co. L P Has $45.54 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Loomis Sayles & Co. L P reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277,990 shares of the company’s stock after selling 8,124 shares during the quarter. Loomis Sayles & Co. L P owned about 0.95% of Grand Canyon Education worth $45,535,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Grand Canyon Education in the 4th quarter valued at $421,000. Sanctuary Advisors LLC raised its stake in Grand Canyon Education by 9.2% during the third quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock worth $352,000 after acquiring an additional 209 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Grand Canyon Education in the fourth quarter worth about $255,000. Postrock Partners LLC bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at approximately $1,715,000. Finally, Franklin Resources Inc. increased its position in Grand Canyon Education by 10.7% during the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock worth $5,014,000 after purchasing an additional 3,630 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Trading Up 3.0 %

Shares of Grand Canyon Education stock opened at $178.18 on Friday. The company has a market cap of $5.12 billion, a P/E ratio of 23.02, a PEG ratio of 1.42 and a beta of 0.78. The business has a 50-day moving average price of $175.66 and a two-hundred day moving average price of $160.79. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share 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 forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LOPE shares. BMO Capital Markets upped their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Barrington Research upped their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

Grand Canyon Education Company 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.