Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,723 shares of the company’s stock after selling 86 shares during the period. Wells Fargo & Company MN’s holdings in Grand Canyon Education were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LOPE. Counterpoint Mutual Funds LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $421,000. QRG Capital Management Inc. purchased a new stake in Grand Canyon Education in the fourth quarter valued at approximately $255,000. Postrock Partners LLC acquired a new stake in shares of Grand Canyon Education in the fourth quarter valued at approximately $1,715,000. Franklin Resources Inc. grew its position in shares of Grand Canyon Education by 10.7% during the third quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock worth $5,014,000 after acquiring an additional 3,630 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Grand Canyon Education by 5.7% during the fourth quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock worth $27,388,000 after acquiring an additional 9,083 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $186.25 on Friday. The stock has a fifty day moving average price of $173.58 and a 200 day moving average price of $167.55. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $192.18. The company has a market cap of $5.29 billion, a PE ratio of 24.06, a P/E/G ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the subject of a number of recent research reports. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Barrington Research reaffirmed an “outperform” rating and issued a $205.00 target price on shares of Grand Canyon Education in a report on Tuesday, April 15th. Finally, BMO Capital Markets raised their price target on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

About Grand Canyon Education

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.