Geode Capital Management LLC Sells 4,183 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Geode Capital Management LLC decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 514,140 shares of the company’s stock after selling 4,183 shares during the quarter. Geode Capital Management LLC’s holdings in Grand Canyon Education were worth $84,241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education during the fourth quarter worth $27,000. Financial Life Planners acquired a new position in Grand Canyon Education during the fourth quarter worth approximately $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education during the 4th quarter valued at $59,000. Versant Capital Management Inc lifted its stake in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after buying an additional 167 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Grand Canyon Education during the third quarter worth approximately $86,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 2.2 %

LOPE opened at $170.31 on Friday. The company has a market cap of $4.89 billion, a P/E ratio of 22.00, a PEG ratio of 1.42 and a beta of 0.82. The company’s 50 day moving average is $175.48 and its 200-day moving average is $163.29. 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 issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

LOPE has been the subject of a number of recent research reports. Barrington Research boosted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. 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.

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.