New York State Teachers Retirement System Sells 1,700 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

New York State Teachers Retirement System lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 30,697 shares of the company's stock after selling 1,700 shares during the period. New York State Teachers Retirement System owned 0.11% of Grand Canyon Education worth $5,311,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LOPE. Victory Capital Management Inc. lifted its position in shares of Grand Canyon Education by 13.1% during the 4th quarter. Victory Capital Management Inc. now owns 11,394 shares of the company's stock valued at $1,866,000 after acquiring an additional 1,319 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at $10,262,000. Callan Family Office LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at $704,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Grand Canyon Education by 6.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,256 shares of the company's stock valued at $1,189,000 after acquiring an additional 415 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at $1,317,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Stock Down 1.3%

LOPE stock traded down $2.36 during midday trading on Wednesday, reaching $176.36. 226,043 shares of the company's stock traded hands, compared to its average volume of 183,462. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 1.36 and a beta of 0.77. The firm's fifty day moving average price is $189.93 and its 200-day moving average price is $178.61. 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 announced its quarterly 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. The business had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. Grand Canyon Education's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.35 EPS. Analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LOPE. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. BMO Capital Markets dropped their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Barrington Research boosted their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th.

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.