Allspring Global Investments Holdings LLC Sells 5,801 Shares of Grand Canyon Education, Inc. $LOPE

Allspring Global Investments Holdings LLC reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,154 shares of the company’s stock after selling 5,801 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.09% of Grand Canyon Education worth $4,326,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LOPE. AQR Capital Management LLC grew its holdings in shares of Grand Canyon Education by 3.5% during the second quarter. AQR Capital Management LLC now owns 597,567 shares of the company’s stock valued at $112,940,000 after buying an additional 20,485 shares during the last quarter. Invesco Ltd. raised its position in Grand Canyon Education by 57.5% in the 2nd quarter. Invesco Ltd. now owns 560,068 shares of the company’s stock valued at $105,853,000 after buying an additional 204,582 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Grand Canyon Education by 3.0% in the 3rd quarter. Van Berkom & Associates Inc. now owns 523,305 shares of the company’s stock valued at $114,876,000 after buying an additional 15,235 shares during the last quarter. Allianz Asset Management GmbH raised its position 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 buying an additional 12,834 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in Grand Canyon Education by 14.3% in the 3rd quarter. Wasatch Advisors LP now owns 326,407 shares of the company’s stock valued at $71,653,000 after buying an additional 40,950 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $171.30 on Wednesday. The company has a market capitalization of $4.65 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.13 and a beta of 0.67. The business has a fifty day moving average price of $165.42 and a two-hundred day moving average price of $176.06. Grand Canyon Education, Inc. has a 1 year low of $149.37 and a 1 year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. The firm had revenue of $308.12 million during the quarter, compared to the consensus estimate of $307.92 million. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.95 EPS. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOPE has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, February 19th. Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.