Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 11.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,436 shares of the company’s stock after selling 1,816 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Grand Canyon Education were worth $2,201,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. LPL Financial LLC grew its position in shares of Grand Canyon Education by 87.2% in the fourth quarter. LPL Financial LLC now owns 9,756 shares of the company’s stock valued at $1,598,000 after purchasing an additional 4,544 shares during the period. Fox Run Management L.L.C. grew its holdings in Grand Canyon Education by 62.7% in the 4th quarter. Fox Run Management L.L.C. now owns 7,905 shares of the company’s stock valued at $1,295,000 after buying an additional 3,045 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $2,768,000. American Century Companies Inc. lifted its holdings in shares of Grand Canyon Education by 9.6% during the 4th quarter. American Century Companies Inc. now owns 19,948 shares of the company’s stock worth $3,267,000 after acquiring an additional 1,753 shares during the period. Finally, Summit Global Investments boosted its position in shares of Grand Canyon Education by 125.3% in the fourth quarter. Summit Global Investments now owns 6,979 shares of the company’s stock worth $1,143,000 after acquiring an additional 3,882 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Trading Down 1.1 %

NASDAQ:LOPE opened at $173.02 on Tuesday. The firm’s fifty day simple moving average is $175.82 and its 200 day simple moving average is $161.60. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.42 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The company had revenue of $292.57 million for the quarter, compared to analysts’ expectations of $289.62 million. On average, analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on LOPE shares. 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 note on Friday, February 21st. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Barrington Research upped 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.

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.