Intech Investment Management LLC Sells 5,074 Shares of Grand Canyon Education, Inc. $LOPE

Intech Investment Management LLC lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 53.3% during the third quarter, Holdings Channel reports. The firm owned 4,448 shares of the company’s stock after selling 5,074 shares during the period. Intech Investment Management LLC’s holdings in Grand Canyon Education were worth $976,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mather Group LLC. bought a new position in Grand Canyon Education during the third quarter worth $29,000. Manning & Napier Advisors LLC bought a new stake in Grand Canyon Education during the third quarter valued at $32,000. True Wealth Design LLC boosted its position in Grand Canyon Education by 46.0% during the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Grand Canyon Education by 5,600.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock worth $50,000 after acquiring an additional 224 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education during the 3rd quarter worth about $55,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Up 1.1%

NASDAQ LOPE opened at $166.54 on Monday. Grand Canyon Education, Inc. has a 52 week low of $149.37 and a 52 week high of $223.04. The business has a 50 day moving average price of $168.41 and a 200-day moving average price of $181.97. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 1.10 and a beta of 0.72.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.02. The business had revenue of $308.12 million during the quarter, compared to the consensus estimate of $307.92 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. Grand Canyon Education’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.95 EPS. On average, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

LOPE has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Barrington Research restated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.