Trust Point Inc. Sells 4,456 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Trust Point Inc. reduced its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 28.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,437 shares of the company's stock after selling 4,456 shares during the quarter. Trust Point Inc.'s holdings in Grand Canyon Education were worth $1,979,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LOPE. FMR LLC raised its stake in shares of Grand Canyon Education by 14.3% in the fourth 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 position in shares of Grand Canyon Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company's stock valued at $144,982,000 after buying an additional 14,667 shares during the period. Invesco Ltd. grew its stake in shares of Grand Canyon Education by 8.6% during the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock valued at $81,033,000 after buying an additional 39,136 shares during the last quarter. Boston Partners grew its stake in shares of Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock valued at $64,786,000 after buying an additional 159,827 shares during the last quarter. Finally, Reinhart Partners LLC. raised its holdings in shares of Grand Canyon Education by 10.7% in the first quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock worth $63,393,000 after buying an additional 35,446 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

LOPE has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Barrington Research raised their price target 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, 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.

Grand Canyon Education Trading Up 1.4%

Shares of LOPE traded up $2.68 during midday trading on Thursday, reaching $188.34. 206,430 shares of the stock were exchanged, compared to its average volume of 182,791. The company has a market capitalization of $5.35 billion, a P/E ratio of 23.63, a PEG ratio of 1.41 and a beta of 0.79. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $202.28. The company's 50 day moving average is $186.72 and its two-hundred day moving average is $176.66.

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 for the quarter, topping the consensus estimate of $2.51 by $0.06. The firm 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%. The company's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.35 EPS. On average, sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Grand Canyon Education Company 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.