US Bancorp DE Decreases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

US Bancorp DE trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,821 shares of the company’s stock after selling 525 shares during the quarter. US Bancorp DE owned about 0.06% of Grand Canyon Education worth $2,670,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Wealth Alliance lifted its position in shares of Grand Canyon Education by 3.8% during the second quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after buying an additional 89 shares during the last quarter. NBC Securities Inc. lifted its position in shares of Grand Canyon Education by 12.6% during the third quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after buying an additional 96 shares during the last quarter. Capital Insight Partners LLC lifted its position in shares of Grand Canyon Education by 2.5% during the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after buying an additional 105 shares during the last quarter. Allegheny Financial Group LTD lifted its position in shares of Grand Canyon Education by 4.3% during the second quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after buying an additional 109 shares during the last quarter. Finally, Creative Planning raised its position in shares of Grand Canyon Education by 2.4% in the 3rd quarter. Creative Planning now owns 4,723 shares of the company’s stock valued at $670,000 after purchasing an additional 109 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Trading Up 1.8 %

Shares of NASDAQ:LOPE opened at $139.75 on Wednesday. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $157.53. The company’s 50 day moving average is $138.68 and its 200 day moving average is $141.07. The company has a market cap of $4.12 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The company had revenue of $227.50 million for the quarter, compared to the consensus estimate of $223.56 million. During the same quarter in the prior year, the company earned $1.01 EPS. Grand Canyon Education’s quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

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.