Nuveen Asset Management LLC Sells 9,157 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Nuveen Asset Management LLC decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,678 shares of the company’s stock after selling 9,157 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of Grand Canyon Education worth $6,800,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in shares of Grand Canyon Education by 76.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 137 shares in the last quarter. Bessemer Group Inc. boosted its stake in Grand Canyon Education by 85.3% during the third quarter. Bessemer Group Inc. now owns 415 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. IFP Advisors Inc boosted its stake in Grand Canyon Education by 143.5% during the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $93,000 after acquiring an additional 488 shares in the last quarter. Covestor Ltd boosted its stake in Grand Canyon Education by 66.6% during the first quarter. Covestor Ltd now owns 1,123 shares of the company’s stock worth $109,000 after acquiring an additional 449 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Grand Canyon Education by 7.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,743 shares of the company’s stock worth $144,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $108.55 on Monday. The stock has a market capitalization of $3.37 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.13 and a beta of 0.60. Grand Canyon Education, Inc. has a 52-week low of $78.37 and a 52-week high of $121.60. The company has a 50-day simple moving average of $113.33 and a two-hundred day simple moving average of $101.34.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. Grand Canyon Education had a net margin of 20.26% and a return on equity of 30.24%. The business had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $256.17 million. During the same period in the previous year, the company earned $2.11 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Grand Canyon Education, Inc. will post 6.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $125.00 to $126.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. Barrington Research boosted their price objective on shares of Grand Canyon Education from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th.

Grand Canyon Education Profile

(Get Rating)

Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.