Massachusetts Financial Services Co. MA Has $62.32 Million Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Massachusetts Financial Services Co. MA trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,213 shares of the company's stock after selling 8,707 shares during the period. Massachusetts Financial Services Co. MA owned 1.25% of Grand Canyon Education worth $62,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in Grand Canyon Education by 14.3% during the fourth quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after buying an additional 189,843 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Grand Canyon Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company's stock worth $144,982,000 after purchasing an additional 14,667 shares during the period. Invesco Ltd. boosted its position in Grand Canyon Education by 8.6% during the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock worth $81,033,000 after purchasing an additional 39,136 shares during the period. Boston Partners boosted its position in Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after purchasing an additional 159,827 shares during the period. Finally, Reinhart Partners LLC. boosted its position in Grand Canyon Education by 10.7% during the first quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock worth $63,393,000 after purchasing an additional 35,446 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the subject of a number of research analyst reports. BMO Capital Markets reduced 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. Wall Street Zen cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barrington Research lifted 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 report on Wednesday, May 7th.

Grand Canyon Education Stock Up 0.8%

Shares of Grand Canyon Education stock traded up $1.40 during trading on Friday, reaching $171.82. The company's stock had a trading volume of 208,137 shares, compared to its average volume of 184,372. The business's 50-day moving average price is $188.03 and its 200-day moving average price is $178.96. The firm has a market cap of $4.88 billion, a PE ratio of 21.56, a P/E/G ratio of 1.29 and a beta of 0.77. 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 earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to analysts' expectations 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 earnings per share. Equities analysts predict 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.