Wellington Management Group LLP Reduces Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wellington Management Group LLP cut its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 45.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,754 shares of the company's stock after selling 12,383 shares during the period. Wellington Management Group LLP owned approximately 0.05% of Grand Canyon Education worth $2,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOPE. GeoWealth Management LLC acquired a new stake in Grand Canyon Education during the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education during the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Grand Canyon Education during the fourth quarter worth about $32,000. Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education during the fourth quarter worth about $59,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Grand Canyon Education by 268.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,021 shares of the company's stock worth $167,000 after acquiring an additional 744 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Trading Up 1.9%

LOPE traded up $3.66 during midday trading on Friday, hitting $194.20. 225,492 shares of the company traded hands, compared to its average volume of 181,322. The business has a 50 day simple moving average of $184.35 and a two-hundred day simple moving average of $175.54. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $202.28. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.42 and a beta of 0.80.

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 for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. During the same quarter in the prior year, the firm earned $2.35 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analyst Weigh In

LOPE has been the topic of several analyst reports. Barrington Research raised their target price on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets raised their target price on Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

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.