Sei Investments Co. Reduces Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Sei Investments Co. lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 192,024 shares of the company’s stock after selling 14,997 shares during the quarter. Sei Investments Co.’s holdings in Grand Canyon Education were worth $31,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners lifted its stake in shares of Grand Canyon Education by 68.6% in the fourth quarter. Boston Partners now owns 392,954 shares of the company’s stock worth $64,786,000 after acquiring an additional 159,827 shares in the last quarter. FMR LLC increased its holdings in Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after purchasing an additional 141,648 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Grand Canyon Education by 15.4% in the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock valued at $72,878,000 after purchasing an additional 68,579 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Grand Canyon Education during the 4th quarter valued at approximately $10,262,000. Finally, Weiss Asset Management LP acquired a new stake in shares of Grand Canyon Education during the third quarter worth approximately $4,942,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of LOPE opened at $172.23 on Wednesday. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The business’s fifty day moving average price is $175.43 and its 200 day moving average price is $160.58. The stock has a market capitalization of $4.95 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78.

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 analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. BMO Capital Markets increased their price target 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, Barrington Research lifted their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

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.