Ameriprise Financial Inc. Sells 9,272 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Ameriprise Financial Inc. reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,622 shares of the company's stock after selling 9,272 shares during the quarter. Ameriprise Financial Inc. owned 0.44% of Grand Canyon Education worth $20,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LOPE. Freestone Grove Partners LP acquired a new stake in Grand Canyon Education in the 4th quarter valued at about $308,000. Schonfeld Strategic Advisors LLC raised its position in Grand Canyon Education by 13.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,750 shares of the company's stock worth $1,433,000 after purchasing an additional 1,036 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in Grand Canyon Education by 8.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 2,339 shares of the company's stock worth $383,000 after buying an additional 181 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Grand Canyon Education in the 4th quarter valued at $2,562,000. Finally, Nebula Research & Development LLC increased its stake in shares of Grand Canyon Education by 135.6% in the 4th quarter. Nebula Research & Development LLC now owns 3,807 shares of the company's stock valued at $624,000 after buying an additional 2,191 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LOPE shares. Barrington Research lifted 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. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

Grand Canyon Education Stock Performance

LOPE traded down $2.12 during midday trading on Wednesday, reaching $194.99. 11,783 shares of the company were exchanged, compared to its average volume of 179,241. The stock has a market capitalization of $5.53 billion, a P/E ratio of 25.25, a PEG ratio of 1.42 and a beta of 0.80. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28. The stock's 50-day simple moving average is $178.31 and its 200 day simple moving average is $172.53.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) 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 revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.35 earnings per share. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current 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.