Cresset Asset Management LLC Sells 8,740 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Cresset Asset Management LLC cut its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 81.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,014 shares of the company's stock after selling 8,740 shares during the period. Cresset Asset Management LLC's holdings in Grand Canyon Education were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Grand Canyon Education by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock worth $692,000 after purchasing an additional 63 shares during the period. Barclays PLC grew its holdings in 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 buying an additional 84 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Grand Canyon Education by 2.1% during the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after buying an additional 95 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after buying an additional 99 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Grand Canyon Education by 4.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,102 shares of the company's stock valued at $508,000 after acquiring an additional 127 shares during the period. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LOPE has been the topic of a number of recent research reports. StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research lifted 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 lifted their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st.

Grand Canyon Education Price Performance

Grand Canyon Education stock traded down $0.87 during midday trading on Tuesday, hitting $197.11. The company's stock had a trading volume of 104,574 shares, compared to its average volume of 179,917. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The company has a 50-day moving average price of $177.66 and a two-hundred day moving average price of $172.36. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.57 EPS 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 analysts' expectations of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.35 EPS. Sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current 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.