New York State Teachers Retirement System Decreases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

New York State Teachers Retirement System decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,790 shares of the company’s stock after selling 500 shares during the period. New York State Teachers Retirement System owned 0.14% of Grand Canyon Education worth $3,602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. HighTower Advisors LLC increased its position in Grand Canyon Education by 38.2% during the 1st quarter. HighTower Advisors LLC now owns 13,507 shares of the company’s stock valued at $1,307,000 after purchasing an additional 3,737 shares during the period. PNC Financial Services Group Inc. raised its stake in Grand Canyon Education by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,384 shares of the company’s stock worth $813,000 after buying an additional 1,184 shares in the last quarter. Bank of Montreal Can lifted its holdings in Grand Canyon Education by 57.8% in the first quarter. Bank of Montreal Can now owns 9,697 shares of the company’s stock worth $948,000 after buying an additional 3,553 shares during the period. Acadian Asset Management LLC bought a new stake in Grand Canyon Education during the 1st quarter valued at approximately $686,000. Finally, MetLife Investment Management LLC grew its holdings in shares of 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 acquiring an additional 6,205 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Grand Canyon Education Trading Up 0.8 %

Shares of NASDAQ:LOPE opened at $111.67 on Tuesday. The stock has a fifty day simple moving average of $108.54 and a two-hundred day simple moving average of $94.68. Grand Canyon Education, Inc. has a 12-month low of $72.00 and a 12-month high of $116.65. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.17 and a beta of 0.56.

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

Insider Transactions at Grand Canyon Education

In related news, Director Sara R. Dial sold 1,614 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $107.27, for a total transaction of $173,133.78. Following the completion of the sale, the director now owns 3,972 shares of the company’s stock, valued at $426,076.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

LOPE has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on Grand Canyon Education from $98.00 to $120.00 in a research note on Friday, November 11th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Finally, TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b-” rating in a research report on Wednesday, November 9th.

Grand Canyon Education Profile

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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.