Envestnet Portfolio Solutions Inc. Sells 365 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Envestnet Portfolio Solutions Inc. reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,337 shares of the company’s stock after selling 365 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Grand Canyon Education were worth $1,027,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares in the last quarter. GAMMA Investing LLC purchased a new position in Grand Canyon Education in the 4th quarter valued at approximately $54,000. Daiwa Securities Group Inc. raised its holdings in Grand Canyon Education by 41.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after acquiring an additional 145 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $101,000. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Grand Canyon Education by 85,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after acquiring an additional 852 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets upped their price target on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a report on Wednesday, August 7th.

Grand Canyon Education Stock Down 0.8 %

Shares of NASDAQ LOPE opened at $139.82 on Monday. The stock’s 50-day simple moving average is $143.65 and its two-hundred day simple moving average is $138.49. Grand Canyon Education, Inc. has a twelve month low of $108.41 and a twelve month high of $157.53. The firm has a market capitalization of $4.16 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.31 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The company had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $223.56 million. During the same period in the prior year, the business earned $1.01 earnings per share. Grand Canyon Education’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS 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.