Flinton Capital Management LLC reduced its stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 27.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,176 shares of the company’s stock after selling 816 shares during the quarter. Flinton Capital Management LLC’s holdings in Grand Canyon Education were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LOPE. Man Group plc increased its position in Grand Canyon Education by 60.9% during the 3rd quarter. Man Group plc now owns 43,087 shares of the company’s stock valued at $4,860,000 after buying an additional 16,304 shares in the last quarter. BlueMountain Capital Management LLC increased its position in Grand Canyon Education by 361.0% during the 3rd quarter. BlueMountain Capital Management LLC now owns 36,504 shares of the company’s stock valued at $4,118,000 after buying an additional 28,586 shares in the last quarter. Putnam Investments LLC increased its position in Grand Canyon Education by 154.9% during the 3rd quarter. Putnam Investments LLC now owns 94,310 shares of the company’s stock valued at $10,638,000 after buying an additional 57,306 shares in the last quarter. Svenska Handelsbanken AB publ increased its position in Grand Canyon Education by 20.3% during the 4th quarter. Svenska Handelsbanken AB publ now owns 17,200 shares of the company’s stock valued at $1,654,000 after buying an additional 2,900 shares in the last quarter. Finally, Fosun International Ltd increased its position in Grand Canyon Education by 52.0% during the 4th quarter. Fosun International Ltd now owns 3,800 shares of the company’s stock valued at $361,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Shares of LOPE stock opened at $114.54 on Friday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.53 billion, a PE ratio of 22.50, a PEG ratio of 1.41 and a beta of 1.02. Grand Canyon Education Inc has a fifty-two week low of $90.67 and a fifty-two week high of $130.10.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 20th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.14. The business had revenue of $177.54 million for the quarter, compared to analyst estimates of $175.25 million. Grand Canyon Education had a return on equity of 22.16% and a net margin of 27.09%. The company’s revenue was down 34.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share. Research analysts anticipate that Grand Canyon Education Inc will post 5.12 EPS for the current year.

Several research analysts recently issued reports on LOPE shares. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Barrington Research reaffirmed a “buy” rating and set a $150.00 target price on shares of Grand Canyon Education in a research report on Tuesday, December 18th. BidaskClub lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. BMO Capital Markets upped their target price on Grand Canyon Education to $117.00 and gave the company a “reduce” rating in a research report on Tuesday, January 15th. Finally, ValuEngine lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Grand Canyon Education presently has an average rating of “Hold” and a consensus price target of $133.80.

In other news, CEO Brian E. Mueller sold 40,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $117.91, for a total value of $4,716,400.00. Following the transaction, the chief executive officer now directly owns 280,124 shares of the company’s stock, valued at $33,029,420.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William Stan Meyer sold 20,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $117.56, for a total value of $2,351,200.00. The disclosure for this sale can be found here. Insiders sold 77,000 shares of company stock worth $9,061,460 over the last three months. Corporate insiders own 2.40% of the company’s stock.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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