US Bancorp DE Cuts Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

US Bancorp DE decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,741 shares of the company’s stock after selling 2,840 shares during the period. US Bancorp DE owned about 0.11% of Grand Canyon Education worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in Grand Canyon Education by 38.2% in the 1st quarter. HighTower Advisors LLC now owns 13,507 shares of the company’s stock worth $1,307,000 after buying an additional 3,737 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Grand Canyon Education by 16.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,384 shares of the company’s stock worth $813,000 after purchasing an additional 1,184 shares in the last quarter. Bank of Montreal Can raised its stake in Grand Canyon Education by 57.8% in the 1st quarter. Bank of Montreal Can now owns 9,697 shares of the company’s stock valued at $948,000 after purchasing an additional 3,553 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Grand Canyon Education in the 1st quarter valued at $686,000. Finally, MetLife Investment Management LLC boosted its stake in Grand Canyon Education by 32.0% during the 1st quarter. MetLife Investment Management LLC now owns 25,625 shares of the company’s stock worth $2,488,000 after purchasing an additional 6,205 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Grand Canyon Education Trading Up 0.8 %

Shares of LOPE opened at $111.67 on Friday. Grand Canyon Education, Inc. has a 12-month low of $72.00 and a 12-month high of $116.65. The firm has a market capitalization of $3.48 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.16 and a beta of 0.56. The firm has a 50-day moving average price of $108.36 and a 200 day moving average price of $94.56.

Grand Canyon Education (NASDAQ:LOPEGet Rating) last posted its earnings results on Thursday, October 27th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.15. The company had revenue of $208.72 million for the quarter, compared to analyst estimates of $208.30 million. Grand Canyon Education had a net margin of 21.99% and a return on equity of 27.54%. Equities research analysts predict that Grand Canyon Education, Inc. will post 5.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOPE. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b-” rating in a research note on Wednesday, November 9th. Finally, BMO Capital Markets upped their price target on Grand Canyon Education from $98.00 to $120.00 in a research report on Friday, November 11th.

Insider Buying and Selling

In other news, Director Sara R. Dial sold 1,614 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $107.27, for a total value of $173,133.78. Following the transaction, the director now owns 3,972 shares of the company’s stock, valued at approximately $426,076.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

About Grand Canyon Education

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Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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