Teacher Retirement System of Texas Has $6.57 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Teacher Retirement System of Texas decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 24.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,964 shares of the company's stock after selling 12,589 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Grand Canyon Education worth $6,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GeoWealth Management LLC acquired a new stake in Grand Canyon Education during the 4th quarter worth $25,000. Aster Capital Management DIFC Ltd acquired a new stake in Grand Canyon Education during the 4th quarter worth approximately $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 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, Blue Trust Inc. raised its position in Grand Canyon Education by 20.5% in the 1st quarter. Blue Trust Inc. now owns 577 shares of the company's stock valued at $100,000 after buying an additional 98 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

LOPE has been the topic of several recent research reports. Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barrington Research boosted their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, BMO Capital Markets lowered their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research note on Monday.

Grand Canyon Education Trading Down 1.2%

Shares of NASDAQ:LOPE traded down $2.13 on Thursday, hitting $174.23. The company had a trading volume of 167,320 shares, compared to its average volume of 204,723. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.36 and a beta of 0.77. The stock has a 50 day moving average price of $189.93 and a 200 day moving average price of $178.61.

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. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The business had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the prior year, the business earned $2.35 EPS. Grand Canyon Education's quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal 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.