Allspring Global Investments Holdings LLC Sells 97,486 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allspring Global Investments Holdings LLC reduced its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPEFree Report) by 51.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,222 shares of the company’s stock after selling 97,486 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.30% of Grand Canyon Education worth $12,425,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its holdings in shares of Grand Canyon Education by 11.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 456,839 shares of the company’s stock worth $62,226,000 after purchasing an additional 46,024 shares in the last quarter. Norges Bank acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth approximately $44,529,000. Goldman Sachs Group Inc. grew its holdings in shares of Grand Canyon Education by 105.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 333,028 shares of the company’s stock worth $43,973,000 after purchasing an additional 170,956 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Grand Canyon Education by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 321,924 shares of the company’s stock worth $42,507,000 after purchasing an additional 11,567 shares in the last quarter. Finally, Reinhart Partners LLC. grew its holdings in shares of Grand Canyon Education by 2.2% during the 1st quarter. Reinhart Partners LLC. now owns 307,859 shares of the company’s stock worth $41,933,000 after purchasing an additional 6,774 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on LOPE shares. Barrington Research lifted their price objective on Grand Canyon Education from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. BMO Capital Markets boosted their price target on Grand Canyon Education from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird boosted their price target on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th.

Read Our Latest Stock Report on Grand Canyon Education

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $143.31 on Monday. The stock’s fifty day simple moving average is $140.90 and its 200 day simple moving average is $134.76. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.22 and a beta of 0.66. Grand Canyon Education, Inc. has a one year low of $101.04 and a one year high of $156.56.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last issued its quarterly earnings data 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. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The firm had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. During the same quarter in the previous year, the company posted $2.00 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 7.8 earnings per share for the current year.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the transaction, the director now owns 2,635 shares in the company, valued at approximately $389,874.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lisa Graham Keegan sold 270 shares of the business’s stock in a transaction on Monday, May 13th. The stock was 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 in the company, valued at $389,874.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kathy J. Claypatch sold 1,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $149.20, for a total value of $223,800.00. Following the completion of the sale, the insider now owns 8,320 shares of the company’s stock, valued at approximately $1,241,344. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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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