Vident Advisory LLC Cuts Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Vident Advisory LLC lowered its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 50.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,591 shares of the company's stock after selling 9,794 shares during the quarter. Vident Advisory LLC's holdings in Grand Canyon Education were worth $1,571,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake 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 purchasing an additional 189,843 shares during the last quarter. Invesco Ltd. grew its holdings 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 purchasing an additional 39,136 shares during the period. Boston Partners raised its stake in shares of Grand Canyon Education by 68.6% in 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. Norges Bank purchased a new stake in Grand Canyon Education in the fourth quarter valued at approximately $57,838,000. Finally, Renaissance Technologies LLC lifted its stake in Grand Canyon Education by 0.9% during the 4th quarter. Renaissance Technologies LLC now owns 307,202 shares of the company's stock worth $50,320,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LOPE shares. 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. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Barrington Research boosted their price objective 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 Stock Up 1.2%

NASDAQ:LOPE traded up $2.38 during midday trading on Tuesday, reaching $196.55. The stock had a trading volume of 75,914 shares, compared to its average volume of 179,731. The stock has a market cap of $5.58 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.42 and a beta of 0.80. The firm has a fifty day simple moving average of $180.30 and a two-hundred day simple moving average of $173.75. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Grand Canyon Education's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.35 earnings per share. On average, sell-side analysts anticipate 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.