Grantham Mayo Van Otterloo & Co. LLC Lowers Stock Holdings in Grand Canyon Education, Inc. $LOPE

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 88.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,283 shares of the company’s stock after selling 9,493 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Grand Canyon Education were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in Grand Canyon Education in the 3rd quarter worth $29,000. Manning & Napier Advisors LLC purchased a new position in Grand Canyon Education in the third quarter valued at $32,000. True Wealth Design LLC raised its holdings in Grand Canyon Education by 46.0% in the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after purchasing an additional 64 shares during the period. SJS Investment Consulting Inc. grew its stake in Grand Canyon Education by 5,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock valued at $50,000 after acquiring an additional 224 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Grand Canyon Education in the third quarter valued at about $55,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, February 19th. Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $161.61 on Thursday. The firm has a market cap of $4.39 billion, a PE ratio of 20.93, a P/E/G ratio of 1.06 and a beta of 0.72. The firm’s fifty day moving average is $168.17 and its two-hundred day moving average is $181.26. Grand Canyon Education, Inc. has a one year low of $149.37 and a one year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The business had revenue of $308.12 million during the quarter, compared to the consensus estimate of $307.92 million. During the same period in the prior year, the business posted $2.95 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.