Allspring Global Investments Holdings LLC Lowers Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allspring Global Investments Holdings LLC decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 155,257 shares of the company’s stock after selling 14,810 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.53% of Grand Canyon Education worth $25,116,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education in the fourth quarter worth $27,000. Reston Wealth Management LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth about $28,000. True Wealth Design LLC purchased a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $31,000. Financial Life Planners bought a new position in shares of Grand Canyon Education in the 4th quarter valued at about $37,000. Finally, Versant Capital Management Inc grew its position in Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after acquiring an additional 167 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LOPE. BMO Capital Markets raised their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barrington Research reissued an “outperform” rating and issued a $180.00 target price on shares of Grand Canyon Education in a research note on Monday, January 27th. Finally, Robert W. Baird raised their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Stock Up 0.4 %

LOPE opened at $183.70 on Friday. The business has a fifty day moving average of $169.40 and a 200 day moving average of $154.53. The stock has a market cap of $5.35 billion, a P/E ratio of 24.14, a PEG ratio of 1.37 and a beta of 0.74. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $185.52.

About Grand Canyon Education

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.