Ontario Teachers Pension Plan Board Cuts Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Ontario Teachers Pension Plan Board lowered its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,421 shares of the company's stock after selling 1,668 shares during the period. Ontario Teachers Pension Plan Board's holdings in Grand Canyon Education were worth $2,035,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Grand Canyon Education during the fourth quarter valued at about $968,000. Barclays PLC lifted its stake in Grand Canyon Education by 152.3% during the fourth quarter. Barclays PLC now owns 47,877 shares of the company's stock worth $7,842,000 after purchasing an additional 28,900 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in shares of Grand Canyon Education by 7.9% in the 4th quarter. Granite Investment Partners LLC now owns 26,397 shares of the company's stock worth $4,324,000 after purchasing an additional 1,942 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Grand Canyon Education by 44.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,341 shares of the company's stock valued at $220,000 after purchasing an additional 414 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Grand Canyon Education by 16.4% during the 4th quarter. Covestor Ltd now owns 1,138 shares of the company's stock valued at $186,000 after buying an additional 160 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Down 2.4 %

LOPE stock traded down $4.35 during midday trading on Friday, hitting $174.32. The company had a trading volume of 182,086 shares, compared to its average volume of 179,647. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.42 and a beta of 0.82. The stock's 50 day moving average price is $174.79 and its 200 day moving average price is $164.66.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. The firm had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOPE has been the subject of several research reports. StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. BMO Capital Markets increased their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Finally, Barrington Research reiterated an "outperform" rating and issued a $205.00 target price on shares of Grand Canyon Education in a research report on Tuesday, April 15th.

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.