Rhumbline Advisers Has $14.10 Million Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Rhumbline Advisers reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,476 shares of the company's stock after selling 1,401 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Grand Canyon Education worth $14,097,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LOPE. Barclays PLC grew its stake in shares of Grand Canyon Education by 0.4% in the 3rd quarter. Barclays PLC now owns 18,977 shares of the company's stock valued at $2,692,000 after purchasing an additional 84 shares during the period. Choreo LLC boosted its stake in Grand Canyon Education by 11.3% in the 4th quarter. Choreo LLC now owns 2,491 shares of the company's stock valued at $407,000 after buying an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Grand Canyon Education by 93.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,170 shares of the company's stock valued at $192,000 after acquiring an additional 565 shares during the period. Entropy Technologies LP grew its position in Grand Canyon Education by 13.2% in the fourth quarter. Entropy Technologies LP now owns 3,421 shares of the company's stock valued at $560,000 after acquiring an additional 400 shares during the period. Finally, Summit Trail Advisors LLC acquired a new position in Grand Canyon Education during the fourth quarter worth $280,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOPE. Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Barrington Research upped 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 raised their price objective on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd.

Grand Canyon Education Price Performance

Shares of LOPE stock traded up $0.24 during trading hours on Thursday, hitting $183.75. 223,146 shares of the company's stock were exchanged, compared to its average volume of 181,594. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $202.28. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.42 and a beta of 0.79. The stock's 50-day moving average is $184.93 and its 200-day moving average is $175.97.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released 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 business had revenue of $289.31 million during the quarter, compared to analysts' expectations of $287.18 million. During the same period in the previous year, the business posted $2.35 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts forecast 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.