CANADA LIFE ASSURANCE Co Trims Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

CANADA LIFE ASSURANCE Co decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,482 shares of the company's stock after selling 1,961 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Grand Canyon Education worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Grand Canyon Education by 14.3% during the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after purchasing an additional 189,843 shares during the period. Invesco Ltd. increased its position in shares of Grand Canyon Education by 8.6% during 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 during the last quarter. Boston Partners raised its stake in shares of Grand Canyon Education by 68.6% in the 4th 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 position in shares of Grand Canyon Education in the 4th quarter worth approximately $57,838,000. Finally, Reinhart Partners LLC. lifted its holdings in shares of Grand Canyon Education by 1.6% in the 4th quarter. Reinhart Partners LLC. now owns 330,946 shares of the company's stock worth $54,209,000 after acquiring an additional 5,339 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock traded up $0.48 during trading on Wednesday, hitting $178.37. 205,156 shares of the stock were exchanged, compared to its average volume of 179,609. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The firm's 50-day moving average price is $173.37 and its 200 day moving average price is $166.64. Grand Canyon Education, Inc. has a 12-month low of $130.02 and a 12-month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released 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. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. As a group, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on LOPE shares. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. 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 note on Friday, February 21st. Finally, Barrington Research reissued an "outperform" rating and set a $205.00 target price on shares of Grand Canyon Education in a research note on Tuesday, April 15th.

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.