New York State Common Retirement Fund Reduces Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

New York State Common Retirement Fund decreased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,785 shares of the company’s stock after selling 4,502 shares during the period. New York State Common Retirement Fund’s holdings in Grand Canyon Education were worth $2,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LOPE. Blue Trust Inc. increased its stake in Grand Canyon Education by 120.2% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after buying an additional 232 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Grand Canyon Education by 208.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock worth $57,000 after acquiring an additional 290 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Grand Canyon Education by 41.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after acquiring an additional 145 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of 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 period. Finally, Covestor Ltd grew its stake in Grand Canyon Education by 14.0% in the third quarter. Covestor Ltd now owns 1,181 shares of the company’s stock worth $138,000 after purchasing an additional 145 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Grand Canyon Education Stock Performance

Shares of LOPE opened at $138.31 on Tuesday. The stock has a market capitalization of $4.12 billion, a PE ratio of 20.34, a PEG ratio of 1.19 and a beta of 0.60. The company has a 50 day moving average price of $132.89 and a 200-day moving average price of $132.09. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94.

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

Analyst Upgrades and Downgrades

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

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.