Bridgewater Associates LP Sells 9,902 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Bridgewater Associates LP cut its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,045 shares of the company's stock after selling 9,902 shares during the quarter. Bridgewater Associates LP owned 0.23% of Grand Canyon Education worth $10,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Grand Canyon Education by 14.3% during the fourth quarter. FMR LLC now owns 1,513,249 shares of the company's stock valued at $247,870,000 after purchasing an additional 189,843 shares during the period. Invesco Ltd. boosted its holdings in shares of Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock valued at $81,033,000 after acquiring an additional 39,136 shares in the last quarter. Boston Partners increased 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 acquiring an additional 159,827 shares during the period. Norges Bank acquired a new stake in Grand Canyon Education in the fourth quarter worth approximately $57,838,000. Finally, Reinhart Partners LLC. boosted its stake in Grand Canyon Education by 1.6% during the 4th quarter. Reinhart Partners LLC. now owns 330,946 shares of the company's stock valued at $54,209,000 after purchasing an additional 5,339 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

NASDAQ LOPE traded up $2.99 on Tuesday, hitting $171.21. 31,238 shares of the stock were exchanged, compared to its average volume of 179,175. The company's 50-day moving average price is $174.51 and its two-hundred day moving average price is $165.05. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 30.67% and a net margin of 21.90%. Equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Barrington Research restated an "outperform" rating and set a $205.00 target price on shares of Grand Canyon Education in a report on Tuesday, April 15th. Finally, BMO Capital Markets increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st.

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.