Robeco Institutional Asset Management B.V. Lowers Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 139,200 shares of the company’s stock after selling 7,289 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.47% of Grand Canyon Education worth $19,746,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Reston Wealth Management LLC acquired a new stake in Grand Canyon Education during the third quarter worth about $28,000. Versant Capital Management Inc increased its holdings in shares of Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares during the period. GAMMA Investing LLC boosted its holdings in Grand Canyon Education by 46.1% during the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after buying an additional 202 shares in the last quarter. Finally, Quarry LP acquired a new stake in Grand Canyon Education during the second quarter valued at $109,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Transactions at Grand Canyon Education

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

Grand Canyon Education Trading Up 14.6 %

NASDAQ:LOPE opened at $160.15 on Thursday. The firm has a market cap of $4.72 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. The stock has a 50 day moving average of $139.01 and a two-hundred day moving average of $141.20. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $161.39.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same quarter last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts forecast that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a research note on Friday, September 20th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th.

Grand Canyon Education 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.