Thrivent Financial for Lutherans Trims Stock Position in Grand Canyon Education, Inc. $LOPE

Thrivent Financial for Lutherans cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 45.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,717 shares of the company’s stock after selling 28,666 shares during the period. Thrivent Financial for Lutherans owned approximately 0.12% of Grand Canyon Education worth $5,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its stake in Grand Canyon Education by 28.1% during the 4th quarter. Allworth Financial LP now owns 369 shares of the company’s stock valued at $61,000 after acquiring an additional 81 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in Grand Canyon Education by 14.3% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,910 shares of the company’s stock valued at $318,000 after acquiring an additional 239 shares during the last quarter. ABN AMRO Bank N.V. raised its stake in Grand Canyon Education by 0.5% during the 4th quarter. ABN AMRO Bank N.V. now owns 178,613 shares of the company’s stock valued at $29,639,000 after acquiring an additional 970 shares during the last quarter. LRI Investments LLC raised its stake in Grand Canyon Education by 70.4% during the 4th quarter. LRI Investments LLC now owns 627 shares of the company’s stock valued at $104,000 after acquiring an additional 259 shares during the last quarter. Finally, NewEdge Wealth LLC raised its stake in Grand Canyon Education by 25.1% during the 4th quarter. NewEdge Wealth LLC now owns 7,660 shares of the company’s stock valued at $1,274,000 after acquiring an additional 1,539 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Trading Down 1.2%

Shares of LOPE stock opened at $156.80 on Friday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.62. The stock has a 50 day simple moving average of $166.62 and a 200-day simple moving average of $166.23. Grand Canyon Education, Inc. has a 12-month low of $149.37 and a 12-month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The business had revenue of $308.76 million for the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 EPS. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher?education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non?traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.