Crossmark Global Holdings Inc. Sells 11,609 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Crossmark Global Holdings Inc. decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 34.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,322 shares of the company’s stock after selling 11,609 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.08% of Grand Canyon Education worth $3,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LOPE. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Grand Canyon Education by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after acquiring an additional 63 shares in the last quarter. DGS Capital Management LLC raised its holdings in shares of Grand Canyon Education by 1.5% during the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after buying an additional 67 shares in the last quarter. Barclays PLC raised its holdings in shares of Grand Canyon Education by 0.4% during the 3rd quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after buying an additional 84 shares in the last quarter. MML Investors Services LLC grew its position in shares of Grand Canyon Education by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after buying an additional 91 shares during the last quarter. Finally, NBC Securities Inc. grew its position in shares of Grand Canyon Education by 12.6% in the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock worth $121,000 after buying an additional 96 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LOPE. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird upped their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Barrington Research lifted their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Grand Canyon Education Trading Up 0.2 %

Shares of NASDAQ:LOPE opened at $171.50 on Thursday. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.29 and a beta of 0.75. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $176.77. The company has a 50-day moving average price of $165.10 and a 200 day moving average price of $150.92.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.