Nuveen Asset Management LLC Sells 6,722 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Nuveen Asset Management LLC lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,345 shares of the company's stock after selling 6,722 shares during the period. Nuveen Asset Management LLC owned about 0.26% of Grand Canyon Education worth $12,342,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LOPE. NDVR Inc. lifted its stake in shares of Grand Canyon Education by 5.1% in the 4th quarter. NDVR Inc. now owns 1,878 shares of the company's stock valued at $308,000 after acquiring an additional 91 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Grand Canyon Education by 38.8% in the 4th quarter. Lazard Asset Management LLC now owns 15,731 shares of the company's stock valued at $2,575,000 after acquiring an additional 4,396 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Grand Canyon Education by 14.6% in the 4th quarter. Deutsche Bank AG now owns 87,294 shares of the company's stock valued at $14,299,000 after acquiring an additional 11,153 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Grand Canyon Education by 247.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 85,410 shares of the company's stock valued at $13,990,000 after acquiring an additional 60,811 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Grand Canyon Education by 15.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,660 shares of the company's stock valued at $2,401,000 after acquiring an additional 1,972 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Price Performance

NASDAQ:LOPE traded up $2.13 during mid-day trading on Friday, reaching $197.49. 192,760 shares of the company's stock traded hands, compared to its average volume of 179,635. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.42 and a beta of 0.80. The company has a 50 day moving average price of $182.31 and a 200-day moving average price of $174.47.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly 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. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The company had revenue of $289.31 million for the quarter, compared to the consensus estimate of $287.18 million. During the same quarter in the previous year, the business earned $2.35 EPS. Grand Canyon Education's revenue was up 5.3% compared to the same quarter last year. As a group, analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LOPE shares. Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. BMO Capital Markets boosted their target price on Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Barrington Research boosted their target price on Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th.

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.