Envestnet Asset Management Inc. Lowers Stock Holdings in Grand Canyon Education, Inc. $LOPE

Envestnet Asset Management Inc. reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,904 shares of the company’s stock after selling 4,567 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.63% of Grand Canyon Education worth $38,614,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in Grand Canyon Education during the 3rd quarter worth approximately $29,000. Manning & Napier Advisors LLC acquired a new position in shares of Grand Canyon Education in the third quarter worth $32,000. True Wealth Design LLC increased its position in shares of Grand Canyon Education by 46.0% during the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after acquiring an additional 64 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of Grand Canyon Education by 5,600.0% in the third quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock valued at $50,000 after acquiring an additional 224 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Grand Canyon Education by 2,172.7% in the second quarter. IFP Advisors Inc now owns 250 shares of the company’s stock valued at $47,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 0.9%

Shares of Grand Canyon Education stock opened at $169.65 on Wednesday. The firm has a market capitalization of $4.75 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.11 and a beta of 0.74. Grand Canyon Education, Inc. has a 52 week low of $149.83 and a 52 week high of $223.04. The firm’s 50 day moving average is $168.68 and its two-hundred day moving average is $185.11.

Wall Street Analyst Weigh In

LOPE has been the topic of several recent research reports. Barrington Research restated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings cut shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

About Grand Canyon Education

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.