Crossmark Global Holdings Inc. Decreases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Crossmark Global Holdings Inc. trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPEFree Report) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,349 shares of the company’s stock after selling 6,297 shares during the quarter. Crossmark Global Holdings Inc. owned 0.06% of Grand Canyon Education worth $2,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Treasurer of the State of North Carolina increased its stake in shares of 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 worth $2,226,000 after buying an additional 85 shares during the period. Wealth Alliance increased its position in Grand Canyon Education by 3.9% during the 4th 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 period. Riverwater Partners LLC increased its position in Grand Canyon Education by 0.7% during the 4th 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 period. Intech Investment Management LLC increased its position in Grand Canyon Education by 4.8% during the 4th quarter. Intech Investment Management LLC now owns 2,078 shares of the company’s stock valued at $274,000 after purchasing an additional 96 shares during the period. Finally, Covestor Ltd increased its position 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 purchasing an additional 145 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lisa Graham Keegan sold 270 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $147.96, for a total transaction of $39,949.20. Following the completion of the sale, the director now owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lisa Graham Keegan sold 270 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the sale, the director now directly owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The disclosure for this sale can be found here. Insiders sold 3,270 shares of company stock valued at $462,724 in the last quarter. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education Trading Down 0.9 %

Shares of LOPE stock opened at $142.92 on Friday. Grand Canyon Education, Inc. has a 12 month low of $99.65 and a 12 month high of $156.56. The stock has a market cap of $4.25 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.23 and a beta of 0.64. The company’s fifty day moving average price is $138.13 and its 200-day moving average price is $134.86.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.13. The business had revenue of $274.68 million for the quarter, compared to analysts’ expectations of $272.42 million. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 EPS. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 7.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. Barrington Research boosted their target price on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Robert W. Baird boosted their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th.

Read Our Latest Stock Analysis on LOPE

About Grand Canyon Education

(Free Report)

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.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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