Bank of America Corp DE Has $29.30 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Bank of America Corp DE lessened its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,888 shares of the company's stock after selling 9,881 shares during the period. Bank of America Corp DE owned approximately 0.61% of Grand Canyon Education worth $29,302,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. GeoWealth Management LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Grand Canyon Education during the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd acquired a new position in Grand Canyon Education in the fourth quarter valued at about $32,000. Financial Life Planners bought a new stake in shares of Grand Canyon Education in the fourth quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education in the fourth quarter worth about $59,000. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Down 1.6%

Shares of Grand Canyon Education stock traded down $3.12 during trading on Wednesday, reaching $193.99. The stock had a trading volume of 133,729 shares, compared to its average volume of 179,715. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.42 and a beta of 0.80. The stock has a fifty day moving average price of $178.31 and a two-hundred day moving average price of $172.53. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $202.28.

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

Analyst Ratings Changes

LOPE has been the subject of several research analyst reports. BMO Capital Markets boosted 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. Barrington Research lifted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

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.