Grand Canyon Education, Inc. (NASDAQ:LOPE) is Riverbridge Partners LLC's 4th Largest Position

Riverbridge Partners LLC lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,721,295 shares of the company's stock after selling 28,642 shares during the period. Grand Canyon Education accounts for about 3.0% of Riverbridge Partners LLC's holdings, making the stock its 4th biggest position. Riverbridge Partners LLC owned 5.74% of Grand Canyon Education worth $227,280,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Grand Canyon Education by 1,607.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 277,368 shares of the company's stock worth $29,307,000 after acquiring an additional 261,125 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Grand Canyon Education by 824.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 173,643 shares of the company's stock worth $22,928,000 after purchasing an additional 154,858 shares in the last quarter. Norges Bank bought a new position in shares of Grand Canyon Education during the 4th quarter valued at about $11,761,000. Van Berkom & Associates Inc. raised its holdings in shares of Grand Canyon Education by 11.9% during the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company's stock valued at $101,904,000 after buying an additional 92,445 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Grand Canyon Education by 167.6% in the 2nd quarter. Millennium Management LLC now owns 128,858 shares of the company's stock worth $12,137,000 after buying an additional 80,696 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares of the company's stock, valued at approximately $3,405,656.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research boosted their price target on shares of Grand Canyon Education from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th.

Grand Canyon Education Stock Performance

LOPE stock traded down $1.38 during trading on Thursday, hitting $131.94. 96,761 shares of the company traded hands, compared to its average volume of 204,252. The firm has a market capitalization of $3.96 billion, a PE ratio of 19.40, a P/E/G ratio of 1.18 and a beta of 0.59. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. The company has a 50-day moving average of $132.56 and a 200-day moving average of $129.56.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.05. The business had revenue of $278.28 million during the quarter, compared to analyst estimates of $275.00 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. Sell-side analysts expect that Grand Canyon Education, Inc. will post 7.65 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.

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