Northern Trust Corp Has $56.21 Million Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Northern Trust Corp trimmed its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,161 shares of the company's stock after selling 46,043 shares during the period. Northern Trust Corp owned approximately 1.18% of Grand Canyon Education worth $56,210,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LOPE. Tudor Investment Corp ET AL increased its position in Grand Canyon Education by 8.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 2,339 shares of the company's stock worth $383,000 after purchasing an additional 181 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Grand Canyon Education in the 4th quarter valued at about $2,562,000. Nebula Research & Development LLC grew its position in shares of Grand Canyon Education by 135.6% during the 4th quarter. Nebula Research & Development LLC now owns 3,807 shares of the company's stock worth $624,000 after buying an additional 2,191 shares during the period. Oberweis Asset Management Inc. raised its stake in shares of Grand Canyon Education by 4.1% during the fourth quarter. Oberweis Asset Management Inc. now owns 71,200 shares of the company's stock worth $11,663,000 after buying an additional 2,800 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new position in Grand Canyon Education in the fourth quarter valued at approximately $38,066,000. 94.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on LOPE shares. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research upped their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, BMO Capital Markets raised their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday, February 21st.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE traded up $3.26 during midday trading on Friday, reaching $196.10. 334,003 shares of the stock were exchanged, compared to its average volume of 180,636. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $202.28. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.42 and a beta of 0.80. The business has a 50-day simple moving average of $174.72 and a two-hundred day simple moving average of $169.57.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same period in the previous year, the company posted $2.35 earnings per share. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal 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.