Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 136,367 shares of the company’s stock after selling 2,833 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Grand Canyon Education were worth $22,337,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of Grand Canyon Education by 23.2% during the 4th quarter. KBC Group NV now owns 1,163 shares of the company’s stock valued at $190,000 after acquiring an additional 219 shares during the last quarter. Blue Trust Inc. raised its position in shares of Grand Canyon Education by 46.5% during the fourth quarter. Blue Trust Inc. now owns 2,126 shares of the company’s stock worth $348,000 after purchasing an additional 675 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock valued at $88,000 after purchasing an additional 99 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Grand Canyon Education by 12.1% in the 4th quarter. Fifth Third Bancorp now owns 3,765 shares of the company’s stock valued at $617,000 after purchasing an additional 405 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Grand Canyon Education by 33.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,786 shares of the company’s stock worth $7,336,000 after purchasing an additional 11,245 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 1.0 %

Shares of NASDAQ:LOPE opened at $174.44 on Friday. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $176.77. The firm has a market capitalization of $5.08 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75. The firm has a fifty day moving average of $166.14 and a two-hundred day moving average of $152.12.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. Equities research analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $180.00 target price on shares of Grand Canyon Education in a report on Monday. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.