GW&K Investment Management LLC Has $93.54 Million Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

GW&K Investment Management LLC decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 708,403 shares of the company's stock after selling 146,002 shares during the period. Grand Canyon Education makes up 0.9% of GW&K Investment Management LLC's portfolio, making the stock its 14th biggest holding. GW&K Investment Management LLC owned 2.36% of Grand Canyon Education worth $93,538,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Grand Canyon Education in the fourth quarter worth about $54,000. Blue Trust Inc. boosted its holdings in shares of Grand Canyon Education by 120.2% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $56,000 after purchasing an additional 232 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Grand Canyon Education by 208.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company's stock worth $57,000 after purchasing an additional 290 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Grand Canyon Education by 41.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company's stock worth $66,000 after purchasing an additional 145 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth approximately $101,000. Institutional investors own 94.17% of the company's stock.

Insider Transactions at Grand Canyon Education

In other news, Director Lisa Graham Keegan sold 270 shares of the firm's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the sale, the director now owns 2,635 shares in the company, valued at $389,874.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction on Monday, May 13th. The shares were sold at an average price of $147.96, for a total transaction of $39,949.20. Following the sale, the director now owns 2,635 shares in the company, valued at $389,874.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,270 shares of company stock worth $462,724. Insiders own 2.00% of the company's stock.

Grand Canyon Education Price Performance

LOPE traded up $2.82 during midday trading on Monday, hitting $147.69. 184,417 shares of the company's stock traded hands, compared to its average volume of 203,529. The company has a market cap of $4.39 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.24 and a beta of 0.60. The stock's fifty day simple moving average is $135.22 and its 200-day simple moving average is $134.12. Grand Canyon Education, Inc. has a one year low of $99.65 and a one year high of $156.56.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The company had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. During the same quarter last year, the firm posted $2.00 earnings per share. The company's quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts expect that Grand Canyon Education, Inc. will post 7.8 EPS for the current year.

Analyst Upgrades and Downgrades

LOPE has been the subject of several research reports. Barrington Research raised their price target on shares of Grand Canyon Education from $160.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, May 8th. Robert W. Baird raised their price target on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, May 8th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $150.00 to $155.00 and gave the company an "outperform" rating in a research report on Wednesday, May 8th.

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.