Exchange Traded Concepts LLC Has $71,000 Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Exchange Traded Concepts LLC lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 93.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412 shares of the company's stock after selling 5,619 shares during the period. Exchange Traded Concepts LLC's holdings in Grand Canyon Education were worth $71,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GeoWealth Management LLC bought a new stake in Grand Canyon Education during the fourth quarter valued at about $25,000. Aster Capital Management DIFC Ltd bought a new stake in Grand Canyon Education during the 4th quarter valued at approximately $32,000. UMB Bank n.a. boosted its stake in Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock valued at $55,000 after purchasing an additional 165 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education in the 4th quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC increased its position in Grand Canyon Education by 268.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,021 shares of the company's stock worth $167,000 after buying an additional 744 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of research reports. Barrington Research boosted their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets boosted their price target on Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock traded up $1.34 during trading on Thursday, hitting $186.81. 144,732 shares of the company's stock traded hands, compared to its average volume of 182,470. The company has a market cap of $5.30 billion, a PE ratio of 23.44, a PEG ratio of 1.44 and a beta of 0.79. The firm's fifty day moving average price is $188.12 and its 200 day moving average price is $177.37. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.06. The company had revenue of $289.31 million for 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 company's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share 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.