Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,006 shares of the company’s stock after selling 257 shares during the period. Signaturefd LLC’s holdings in Grand Canyon Education were worth $165,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock valued at $352,000 after purchasing an additional 209 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in Grand Canyon Education by 113.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock valued at $1,307,000 after purchasing an additional 4,901 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Grand Canyon Education in the 4th quarter valued at $255,000. Franklin Resources Inc. increased its holdings in Grand Canyon Education by 10.7% in the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock valued at $5,014,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Postrock Partners LLC acquired a new stake in Grand Canyon Education in the 4th quarter valued at $1,715,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $168.82 on Friday. The business has a 50-day moving average of $175.06 and a 200-day moving average of $160.01. The company has a market capitalization of $4.85 billion, a PE ratio of 21.81, a P/E/G ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $292.57 million for the quarter, compared to analysts’ expectations of $289.62 million. On average, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOPE. Barrington Research increased their price target on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. BMO Capital Markets raised their target price on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.