Grand Canyon Education, Inc. $LOPE Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC cut its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 637,204 shares of the company’s stock after selling 55,173 shares during the period. Grand Canyon Education makes up approximately 1.2% of GW&K Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. GW&K Investment Management LLC owned approximately 2.28% of Grand Canyon Education worth $139,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NDVR Inc. boosted its stake in Grand Canyon Education by 2.9% during the 2nd quarter. NDVR Inc. now owns 1,837 shares of the company’s stock valued at $347,000 after purchasing an additional 52 shares in the last quarter. True Wealth Design LLC raised its stake 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 in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Grand Canyon Education by 6.7% in the third quarter. Geneos Wealth Management Inc. now owns 1,019 shares of the company’s stock valued at $224,000 after buying an additional 64 shares during the period. Cetera Investment Advisers boosted its stake in Grand Canyon Education by 0.4% during the second quarter. Cetera Investment Advisers now owns 16,281 shares of the company’s stock valued at $3,077,000 after buying an additional 65 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Grand Canyon Education by 16.5% during the third quarter. Exchange Traded Concepts LLC now owns 515 shares of the company’s stock worth $113,000 after acquiring an additional 73 shares during the period. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LOPE shares. Weiss Ratings downgraded shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Barrington Research reiterated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a report on Thursday, February 19th. Finally, Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Grand Canyon Education currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Trading Down 2.0%

LOPE stock opened at $162.64 on Thursday. Grand Canyon Education, Inc. has a one year low of $149.37 and a one year high of $223.04. The firm has a 50-day moving average of $168.52 and a two-hundred day moving average of $182.60. The firm has a market capitalization of $4.41 billion, a PE ratio of 21.07, a P/E/G ratio of 1.10 and a beta of 0.72.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results 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 business had revenue of $308.12 million for the quarter, compared to analyst estimates of $307.92 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.95 earnings per share. On average, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

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.