Aquatic Capital Management LLC Sells 6,843 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Aquatic Capital Management LLC lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 75.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,257 shares of the company's stock after selling 6,843 shares during the quarter. Aquatic Capital Management LLC's holdings in Grand Canyon Education were worth $370,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GeoWealth Management LLC bought a new stake in Grand Canyon Education during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Grand Canyon Education during the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education during the fourth quarter valued at about $32,000. Financial Life Planners bought 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 position in shares of Grand Canyon Education in the fourth quarter valued at approximately $59,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the topic of several recent research reports. StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research reissued an "outperform" rating and issued a $205.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, April 15th. Finally, BMO Capital Markets raised their target price 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 Trading Down 0.1 %

LOPE stock traded down $0.13 during trading on Tuesday, hitting $185.95. The company had a trading volume of 233,010 shares, compared to its average volume of 180,123. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $192.18. The business has a 50-day moving average of $173.71 and a 200-day moving average of $168.16. The stock has a market cap of $5.29 billion, a PE ratio of 24.02, a PEG ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS 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.