Intech Investment Management LLC Sells 5,296 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Intech Investment Management LLC trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 60.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,413 shares of the company’s stock after selling 5,296 shares during the quarter. Intech Investment Management LLC’s holdings in Grand Canyon Education were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of LOPE. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Grand Canyon Education during the third quarter valued at approximately $1,867,000. Quest Partners LLC lifted its stake in Grand Canyon Education by 20.4% during the 3rd quarter. Quest Partners LLC now owns 14,812 shares of the company’s stock valued at $2,101,000 after acquiring an additional 2,513 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Grand Canyon Education by 4.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after acquiring an additional 19,577 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth $1,440,000. Finally, Empowered Funds LLC raised its holdings in shares of Grand Canyon Education by 4.4% in the third quarter. Empowered Funds LLC now owns 10,041 shares of the company’s stock valued at $1,424,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $164.59 on Monday. The business has a 50-day moving average of $147.04 and a 200 day moving average of $144.59. The stock has a market capitalization of $4.80 billion, a PE ratio of 21.63, a P/E/G ratio of 1.37 and a beta of 0.70. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Analysts anticipate that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LOPE shares. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barrington Research increased their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Company 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.