Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 89.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191 shares of the company’s stock after selling 1,603 shares during the quarter. Creekmur Asset Management LLC’s holdings in Grand Canyon Education were worth $27,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Grand Canyon Education by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company’s stock valued at $409,363,000 after buying an additional 24,871 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Grand Canyon Education by 1.3% in the second quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock valued at $118,971,000 after buying an additional 11,179 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Grand Canyon Education by 1.5% in the second quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock valued at $105,908,000 after buying an additional 11,540 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Grand Canyon Education by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock valued at $100,197,000 after buying an additional 12,509 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Grand Canyon Education by 47.7% in the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock valued at $74,452,000 after buying an additional 173,800 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $137.35 on Thursday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.10 and a beta of 0.69. The business has a 50-day moving average of $139.01 and a two-hundred day moving average of $140.78. Grand Canyon Education, Inc. has a 1 year low of $117.02 and a 1 year high of $157.53.

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

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

LOPE has been the subject of a number of research reports. Barrington Research reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research note on Friday, September 20th. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th.

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.