Foresight Group Ltd Liability Partnership Lowers Stock Position in Grand Canyon Education, Inc. $LOPE

Foresight Group Ltd Liability Partnership lessened its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,139 shares of the company’s stock after selling 8,376 shares during the quarter. Grand Canyon Education makes up 2.2% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 20th biggest position. Foresight Group Ltd Liability Partnership owned about 0.24% of Grand Canyon Education worth $14,738,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Grand Canyon Education by 7.6% during the third quarter. Principal Financial Group Inc. now owns 101,278 shares of the company’s stock valued at $22,233,000 after acquiring an additional 7,167 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Grand Canyon Education by 3.0% in the third quarter. Van Berkom & Associates Inc. now owns 523,305 shares of the company’s stock worth $114,876,000 after acquiring an additional 15,235 shares during the last quarter. Summit Global Investments increased its position in shares of Grand Canyon Education by 39.6% during the second quarter. Summit Global Investments now owns 12,190 shares of the company’s stock worth $2,304,000 after purchasing an additional 3,460 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Grand Canyon Education by 3.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 405,506 shares of the company’s stock valued at $89,017,000 after purchasing an additional 12,834 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Grand Canyon Education by 20.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 296,110 shares of the company’s stock valued at $55,965,000 after purchasing an additional 49,562 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LOPE shares. Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Trading Down 0.9%

Grand Canyon Education stock opened at $168.19 on Tuesday. The company has a 50-day moving average price of $168.42 and a 200 day moving average price of $185.11. Grand Canyon Education, Inc. has a 12-month low of $149.83 and a 12-month high of $223.04. The stock has a market cap of $4.70 billion, a P/E ratio of 22.67, a PEG ratio of 1.12 and a beta of 0.74.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.