Citigroup Inc. Reduces Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Citigroup Inc. lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 37.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,571 shares of the company’s stock after selling 13,522 shares during the period. Citigroup Inc. owned approximately 0.07% of Grand Canyon Education worth $2,385,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LOPE. Quadrant Capital Group LLC raised its stake in shares of Grand Canyon Education by 76.5% in the third quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $26,000 after acquiring an additional 137 shares during the period. Daiwa Securities Group Inc. lifted its stake in Grand Canyon Education by 160.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 300 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Grand Canyon Education by 85.3% during the third quarter. Bessemer Group Inc. now owns 415 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $39,000. Finally, Signaturefd LLC raised its holdings in shares of Grand Canyon Education by 17.8% in the fourth quarter. Signaturefd LLC now owns 849 shares of the company’s stock worth $90,000 after buying an additional 128 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Grand Canyon Education Trading Down 1.8 %

Shares of Grand Canyon Education stock opened at $108.08 on Wednesday. Grand Canyon Education, Inc. has a 12 month low of $78.37 and a 12 month high of $124.53. The stock’s fifty day moving average price is $113.20 and its 200-day moving average price is $111.63. The firm has a market cap of $3.32 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.15 and a beta of 0.62.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.96 by $0.04. The business had revenue of $250.13 million during the quarter, compared to analyst estimates of $249.74 million. Grand Canyon Education had a net margin of 20.29% and a return on equity of 30.99%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 EPS. Analysts forecast that Grand Canyon Education, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling

In other Grand Canyon Education news, insider Kathy J. Claypatch sold 1,500 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $112.59, for a total transaction of $168,885.00. Following the completion of the sale, the insider now directly owns 8,550 shares of the company’s stock, valued at $962,644.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on Grand Canyon Education in a report on Thursday, May 18th. They set a “hold” rating for the company. BMO Capital Markets raised their price target 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. Finally, Barrington Research boosted their price objective on shares of Grand Canyon Education from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd.

Grand Canyon Education Company Profile

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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.