Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 72.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,719 shares of the company's stock after selling 7,078 shares during the quarter. Captrust Financial Advisors' holdings in Grand Canyon Education were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LOPE. Counterpoint Mutual Funds LLC acquired a new stake in Grand Canyon Education in the fourth quarter valued at approximately $421,000. QRG Capital Management Inc. acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at $255,000. Postrock Partners LLC purchased a new stake in shares of Grand Canyon Education during the 4th quarter worth $1,715,000. JPMorgan Chase & Co. lifted its position in shares of Grand Canyon Education by 5.7% during the 4th quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company's stock worth $27,388,000 after purchasing an additional 9,083 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Grand Canyon Education by 33.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,786 shares of the company's stock worth $7,336,000 after purchasing an additional 11,245 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Stock Performance

LOPE opened at $197.98 on Tuesday. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28. The stock has a market capitalization of $5.62 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80. The business's 50-day simple moving average is $177.66 and its 200-day simple moving average is $172.36.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LOPE shares. Barrington Research lifted their price target on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday, February 21st.

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.

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