Comerica Bank Sells 588 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Comerica Bank lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 16,231 shares of the company’s stock after selling 588 shares during the period. Comerica Bank’s holdings in Grand Canyon Education were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOPE. HighTower Advisors LLC grew its holdings in Grand Canyon Education by 38.2% in the 1st quarter. HighTower Advisors LLC now owns 13,507 shares of the company’s stock valued at $1,307,000 after buying an additional 3,737 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Grand Canyon Education by 16.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,384 shares of the company’s stock valued at $813,000 after buying an additional 1,184 shares in the last quarter. Bank of Montreal Can grew its holdings in Grand Canyon Education by 57.8% in the 1st quarter. Bank of Montreal Can now owns 9,697 shares of the company’s stock valued at $948,000 after buying an additional 3,553 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Grand Canyon Education in the 1st quarter valued at $686,000. Finally, MetLife Investment Management LLC grew its holdings in Grand Canyon Education by 32.0% in the 1st quarter. MetLife Investment Management LLC now owns 25,625 shares of the company’s stock valued at $2,488,000 after buying an additional 6,205 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

LOPE opened at $111.91 on Monday. The firm has a market cap of $3.49 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. Grand Canyon Education, Inc. has a 52-week low of $72.00 and a 52-week high of $116.65. The business’s fifty day moving average is $108.89 and its 200-day moving average is $95.15.

Grand Canyon Education (NASDAQ:LOPEGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.15. Grand Canyon Education had a return on equity of 27.54% and a net margin of 21.99%. The business had revenue of $208.72 million during the quarter, compared to the consensus estimate of $208.30 million. On average, research analysts predict that Grand Canyon Education, Inc. will post 5.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

LOPE has been the topic of a number of research reports. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. TheStreet raised Grand Canyon Education from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th. Finally, BMO Capital Markets increased their target price on Grand Canyon Education from $98.00 to $120.00 in a report on Friday, November 11th.

Insider Buying and Selling

In related news, Director Sara R. Dial sold 1,614 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $107.27, for a total transaction of $173,133.78. Following the completion of the sale, the director now directly owns 3,972 shares in the company, valued at approximately $426,076.44. The sale was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Grand Canyon Education Company Profile

(Get Rating)

Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.

Featured Stories

Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating).

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

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.