Bank of New York Mellon Corp Sells 10,131 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Bank of New York Mellon Corp trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,548 shares of the company's stock after selling 10,131 shares during the period. Bank of New York Mellon Corp owned 0.86% of Grand Canyon Education worth $42,658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GeoWealth Management LLC acquired a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at $32,000. UMB Bank n.a. raised its stake in shares of Grand Canyon Education by 107.8% in the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock worth $55,000 after buying an additional 165 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education in the 4th quarter worth $59,000. Finally, Blue Trust Inc. boosted its stake in Grand Canyon Education by 20.5% during the first quarter. Blue Trust Inc. now owns 577 shares of the company's stock valued at $100,000 after buying an additional 98 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOPE. BMO Capital Markets cut their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barrington Research increased their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE traded down $1.51 during mid-day trading on Tuesday, hitting $171.27. The stock had a trading volume of 15,561 shares, compared to its average volume of 183,384. The company's 50 day moving average is $189.30 and its 200-day moving average is $179.04. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The company has a market cap of $4.86 billion, a PE ratio of 21.49, a P/E/G ratio of 1.32 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. The firm had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $2.35 EPS. On average, equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education Company 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.