Allspring Global Investments Holdings LLC Sells 62,110 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allspring Global Investments Holdings LLC decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 24.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,708 shares of the company's stock after selling 62,110 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.63% of Grand Canyon Education worth $24,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in Grand Canyon Education in the 1st quarter valued at $33,000. Cornerstone Planning Group LLC acquired a new position in shares of Grand Canyon Education during the 2nd quarter worth about $33,000. CWM LLC increased its stake in shares of Grand Canyon Education by 98.4% during the 3rd quarter. CWM LLC now owns 373 shares of the company's stock worth $44,000 after purchasing an additional 185 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Grand Canyon Education by 182.3% during the 1st quarter. NewEdge Advisors LLC now owns 463 shares of the company's stock worth $53,000 after purchasing an additional 299 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Grand Canyon Education by 4,480.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 458 shares of the company's stock worth $54,000 after purchasing an additional 448 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research boosted their price objective 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 traded down $1.46 on Friday, reaching $130.70. The company had a trading volume of 104,730 shares, compared to its average volume of 150,850. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94. The stock has a market cap of $3.92 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.14 and a beta of 0.59. The company's fifty day moving average is $132.85 and its 200 day moving average is $130.49.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced 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. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The business had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.00 million. On average, sell-side analysts expect that Grand Canyon Education, Inc. will post 7.65 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company's stock.

About Grand Canyon Education

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.