Sei Investments Co. Reduces Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Sei Investments Co. trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,024 shares of the company’s stock after selling 14,997 shares during the period. Sei Investments Co. owned about 0.66% of Grand Canyon Education worth $31,454,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Partners lifted its stake in shares of Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company’s stock valued at $64,786,000 after buying an additional 159,827 shares during the period. FMR LLC lifted its stake in shares of Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after purchasing an additional 141,648 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after purchasing an additional 68,579 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at $10,262,000. Finally, Weiss Asset Management LP acquired a new position in Grand Canyon Education in the third quarter valued at $4,942,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $172.23 on Wednesday. The business has a 50-day moving average of $175.43 and a two-hundred day moving average of $160.58. The firm has a market capitalization of $4.95 billion, a PE ratio of 22.25, a P/E/G ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

LOPE has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Barrington Research increased their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

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.