Massachusetts Financial Services Co. MA Decreases Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Massachusetts Financial Services Co. MA lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,213 shares of the company's stock after selling 8,707 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.25% of Grand Canyon Education worth $62,324,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC acquired a new stake in Grand Canyon Education in the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth $32,000. UMB Bank n.a. boosted its holdings in shares of 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 acquiring an additional 165 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Grand Canyon Education during the 4th quarter worth $59,000. Finally, Blue Trust Inc. increased 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 in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Trading Down 1.0%

Grand Canyon Education stock traded down $1.72 during mid-day trading on Monday, reaching $170.10. The company's stock had a trading volume of 209,371 shares, compared to its average volume of 186,823. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The business has a 50 day moving average price of $187.55 and a 200-day moving average price of $179.24. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.31 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued 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. The business 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%. Grand Canyon Education's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 earnings per share. On average, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOPE. 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. BMO Capital Markets lowered their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Finally, Barrington Research upped their target price 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.

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.