Ensign Peak Advisors Inc Sells 2,670 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Ensign Peak Advisors Inc decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 20.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,548 shares of the company’s stock after selling 2,670 shares during the period. Ensign Peak Advisors Inc’s holdings in Grand Canyon Education were worth $1,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG grew its holdings in shares of Grand Canyon Education by 14.6% during the 4th quarter. Deutsche Bank AG now owns 87,294 shares of the company’s stock worth $14,299,000 after acquiring an additional 11,153 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Grand Canyon Education by 247.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 85,410 shares of the company’s stock worth $13,990,000 after acquiring an additional 60,811 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Grand Canyon Education by 15.5% during the 4th quarter. BNP Paribas Financial Markets now owns 14,660 shares of the company’s stock worth $2,401,000 after acquiring an additional 1,972 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $308,000. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of Grand Canyon Education by 13.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,750 shares of the company’s stock worth $1,433,000 after acquiring an additional 1,036 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 0.8%

Shares of Grand Canyon Education stock opened at $195.74 on Friday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.42 and a beta of 0.80. The business has a 50-day moving average price of $176.49 and a 200-day moving average price of $171.03. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LOPE shares. Barrington Research upped their target price on Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. BMO Capital Markets upped their price target on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.

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.