Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 127,622 shares of the company's stock after selling 9,272 shares during the period. Ameriprise Financial Inc. owned 0.44% of Grand Canyon Education worth $20,904,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. GeoWealth Management LLC bought a new position in Grand Canyon Education in the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education in the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in Grand Canyon Education in the 4th quarter worth $32,000. Financial Life Planners acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education during the 4th quarter valued at approximately $59,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on LOPE. Barrington Research upped their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. StockNews.com downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets lifted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded up $0.54 during mid-day trading on Monday, reaching $197.98. 159,953 shares of the company were exchanged, compared to its average volume of 180,219. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $202.28. The firm's 50-day simple moving average is $177.07 and its 200 day simple moving average is $171.93. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. The firm had revenue of $289.31 million during the quarter, compared to analysts' expectations of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.35 earnings per share. On average, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education 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.