Grand Canyon Education, Inc. (NASDAQ:LOPE) Stake Reduced by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 11.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,421 shares of the company’s stock after selling 1,668 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Grand Canyon Education were worth $2,035,000 as of its most recent SEC filing.

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

Grand Canyon Education Price Performance

LOPE opened at $174.11 on Tuesday. The business has a 50 day moving average price of $175.21 and a two-hundred day moving average price of $163.86. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Equities analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on LOPE. BMO Capital Markets lifted their target price on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Barrington Research lifted their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

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.