Brown Advisory Inc. Decreases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Brown Advisory Inc. trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560 shares of the company’s stock after selling 114 shares during the quarter. Brown Advisory Inc.’s holdings in Grand Canyon Education were worth $270,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC purchased a new position in Grand Canyon Education in the 1st quarter worth approximately $232,000. Convergence Financial LLC purchased a new position in Grand Canyon Education in the 1st quarter worth approximately $249,000. Bessemer Group Inc. lifted its stake in Grand Canyon Education by 244.2% in the 1st quarter. Bessemer Group Inc. now owns 716 shares of the company’s stock worth $124,000 after purchasing an additional 508 shares in the last quarter. 111 Capital purchased a new position in Grand Canyon Education in the 4th quarter worth approximately $528,000. Finally, Harbor Capital Advisors Inc. lifted its stake in Grand Canyon Education by 5.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 43,421 shares of the company’s stock worth $7,513,000 after purchasing an additional 2,163 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOPE. BMO Capital Markets decreased their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, July 7th. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Barrington Research lifted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th.

Grand Canyon Education Stock Performance

LOPE stock opened at $169.37 on Thursday. The firm has a market cap of $4.81 billion, a PE ratio of 21.25, a PEG ratio of 1.29 and a beta of 0.77. The firm’s 50 day moving average price is $188.48 and its 200-day moving average price is $178.91. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.51 by $0.06. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.35 EPS. Equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education 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.