Avantax Advisory Services Inc. Sells 276 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Avantax Advisory Services Inc. lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,577 shares of the company’s stock after selling 276 shares during the period. Avantax Advisory Services Inc.’s holdings in Grand Canyon Education were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LOPE. OneDigital Investment Advisors LLC purchased a new position in shares of Grand Canyon Education during the first quarter valued at approximately $232,000. Convergence Financial LLC purchased a new stake in Grand Canyon Education in the first quarter worth approximately $249,000. Bessemer Group Inc. grew its position 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 during the period. 111 Capital purchased a new stake in Grand Canyon Education during the 4th quarter valued at $528,000. Finally, Harbor Capital Advisors Inc. raised its stake in Grand Canyon Education by 5.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 43,421 shares of the company’s stock valued at $7,513,000 after buying an additional 2,163 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $172.05 on Thursday. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $202.28. The firm has a fifty day moving average price of $181.23 and a 200-day moving average price of $179.52. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.28 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The firm had revenue of $247.50 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter last year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LOPE shares. Barrington Research reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Grand Canyon Education in a report on Wednesday, July 23rd. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets reduced their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, July 7th.

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.