Raymond James & Associates Sells 12,721 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Raymond James & Associates lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,522 shares of the company's stock after selling 12,721 shares during the quarter. Raymond James & Associates owned approximately 0.18% of Grand Canyon Education worth $7,067,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of Grand Canyon Education by 58.4% during the 4th quarter. SG Americas Securities LLC now owns 2,458 shares of the company's stock worth $325,000 after acquiring an additional 906 shares during the period. Exchange Traded Concepts LLC raised its stake in Grand Canyon Education by 6.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,962 shares of the company's stock worth $787,000 after purchasing an additional 347 shares during the period. Riverwater Partners LLC boosted its holdings in shares of Grand Canyon Education by 0.7% in the 4th quarter. Riverwater Partners LLC now owns 12,597 shares of the company's stock valued at $1,663,000 after purchasing an additional 89 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Grand Canyon Education by 90.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,706 shares of the company's stock valued at $1,251,000 after buying an additional 5,078 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Grand Canyon Education during the 3rd quarter worth $1,952,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barrington Research lifted their target price on Grand Canyon Education from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th.

Grand Canyon Education Stock Down 0.5 %

Shares of LOPE stock traded down $0.70 during mid-day trading on Monday, reaching $131.75. The company's stock had a trading volume of 155,816 shares, compared to its average volume of 202,412. The firm has a market capitalization of $3.96 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.59. The company's 50 day simple moving average is $132.72 and its 200-day simple moving average is $129.91. Grand Canyon Education, Inc. has a 12-month low of $99.65 and a 12-month high of $144.94.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.72 by $0.05. The company had revenue of $278.28 million for 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%. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 7.65 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Monday, March 18th. The shares were 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 directly owns 25,674 shares in the company, valued at $3,405,656.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company's stock.

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.