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

Xponance Inc. decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,091 shares of the company’s stock after selling 106 shares during the period. Xponance Inc.’s holdings in Grand Canyon Education were worth $672,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Treasurer of the State of North Carolina lifted its stake in Grand Canyon Education by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after purchasing an additional 85 shares during the last quarter. Wealth Alliance lifted its stake in Grand Canyon Education by 3.9% in the fourth quarter. Wealth Alliance now owns 2,277 shares of the company’s stock valued at $301,000 after purchasing an additional 85 shares during the last quarter. Riverwater Partners LLC lifted its stake in Grand Canyon Education by 0.7% in the fourth quarter. Riverwater Partners LLC now owns 12,597 shares of the company’s stock valued at $1,663,000 after purchasing an additional 89 shares during the last quarter. Signaturefd LLC lifted its stake in Grand Canyon Education by 15.2% in the third quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock valued at $126,000 after purchasing an additional 142 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Grand Canyon Education by 14.0% during the 3rd quarter. Covestor Ltd now owns 1,181 shares of the company’s stock valued at $138,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $160.00 target price on shares of Grand Canyon Education in a report on Thursday, April 18th.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $131.98 on Friday. The company’s fifty day simple moving average is $132.51 and its two-hundred day simple moving average is $131.18. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.12 and a beta of 0.59.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The business had revenue of $278.28 million for the quarter, compared to analysts’ expectations of $275.00 million. Equities research analysts anticipate that Grand Canyon Education, Inc. will post 7.65 EPS for the current year.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.