Skylands Capital LLC Sells 3,982 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Skylands Capital LLC trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,110 shares of the company's stock after selling 3,982 shares during the period. Grand Canyon Education accounts for 1.1% of Skylands Capital LLC's holdings, making the stock its 29th largest position. Skylands Capital LLC owned 0.15% of Grand Canyon Education worth $7,459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LOPE. FMR LLC increased its position in Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock valued at $247,870,000 after acquiring an additional 189,843 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of Grand Canyon Education by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company's stock worth $144,982,000 after buying an additional 14,667 shares in the last quarter. Invesco Ltd. grew its position in shares of Grand Canyon Education by 8.6% during the 4th quarter. Invesco Ltd. now owns 494,706 shares of the company's stock worth $81,033,000 after buying an additional 39,136 shares during the period. Boston Partners lifted its position in shares of Grand Canyon Education by 68.6% during the 4th quarter. Boston Partners now owns 392,954 shares of the company's stock valued at $64,786,000 after acquiring an additional 159,827 shares during the period. Finally, Reinhart Partners LLC. boosted its stake 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 acquiring an additional 35,446 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Down 0.5%

NASDAQ LOPE traded down $0.93 on Monday, reaching $188.52. The company had a trading volume of 29,236 shares, compared to its average volume of 182,137. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $202.28. The company's fifty day moving average is $188.67 and its 200 day moving average is $177.77. The stock has a market capitalization of $5.35 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.44 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.35 earnings per share. On average, research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on LOPE. Barrington Research raised 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. Wall Street Zen cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd.

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.