Janney Montgomery Scott LLC Sells 2,175 Shares of Grand Canyon Education, Inc. $LOPE

Janney Montgomery Scott LLC lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,060 shares of the company’s stock after selling 2,175 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Grand Canyon Education worth $3,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LOPE. UMB Bank n.a. lifted its holdings in shares of Grand Canyon Education by 107.8% in the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after acquiring an additional 165 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Grand Canyon Education by 135.5% in the first quarter. Farther Finance Advisors LLC now owns 3,113 shares of the company’s stock valued at $550,000 after buying an additional 1,791 shares during the period. Pallas Capital Advisors LLC increased its stake in shares of Grand Canyon Education by 5.0% in the first quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company’s stock valued at $234,000 after buying an additional 65 shares during the period. GAMMA Investing LLC increased its stake in shares of Grand Canyon Education by 33.4% in the first quarter. GAMMA Investing LLC now owns 1,189 shares of the company’s stock valued at $206,000 after buying an additional 298 shares during the period. Finally, Avanza Fonder AB increased its stake in shares of Grand Canyon Education by 14.2% in the first quarter. Avanza Fonder AB now owns 1,461 shares of the company’s stock valued at $264,000 after buying an additional 182 shares during the period. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LOPE shares. Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research downgraded Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grand Canyon Education in a research note on Saturday, September 27th. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. Finally, BMO Capital Markets lowered their price objective on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research note on Monday, July 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $208.67.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $211.00 on Thursday. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $220.79. The firm has a 50 day moving average price of $202.82 and a two-hundred day moving average price of $188.96. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.54 and a beta of 0.76.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.16. The firm had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 EPS. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

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.