ABN Amro Investment Solutions Sells 6,243 Shares of Grand Canyon Education, Inc. $LOPE

ABN Amro Investment Solutions trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,613 shares of the company’s stock after selling 6,243 shares during the period. ABN Amro Investment Solutions owned approximately 0.25% of Grand Canyon Education worth $15,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LOPE. Mather Group LLC. purchased a new stake in Grand Canyon Education during the third quarter valued at $29,000. Manning & Napier Advisors LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth about $32,000. True Wealth Design LLC increased its holdings in shares of Grand Canyon Education by 46.0% in the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after buying an additional 64 shares during the last quarter. IFP Advisors Inc raised its position in shares of Grand Canyon Education by 2,172.7% during the 2nd quarter. IFP Advisors Inc now owns 250 shares of the company’s stock valued at $47,000 after buying an additional 239 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Grand Canyon Education by 5,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock valued at $50,000 after acquiring an additional 224 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on LOPE shares. Barrington Research reissued an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, January 22nd. Weiss Ratings cut Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research 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 stock. Based on data from MarketBeat, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $161.09 on Friday. The stock has a 50 day moving average price of $169.00 and a 200 day moving average price of $184.82. Grand Canyon Education, Inc. has a 52-week low of $149.83 and a 52-week high of $223.04. The firm has a market capitalization of $4.51 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.06 and a beta of 0.74.

Grand Canyon Education 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.