Strs Ohio Decreases Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Strs Ohio cut its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,551 shares of the company’s stock after selling 939 shares during the quarter. Strs Ohio’s holdings in Grand Canyon Education were worth $1,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lecap Asset Management Ltd. purchased a new stake in Grand Canyon Education in the fourth quarter valued at about $461,000. Louisiana State Employees Retirement System acquired a new position in shares of Grand Canyon Education in the fourth quarter valued at about $1,096,000. Cerity Partners LLC acquired a new position in shares of Grand Canyon Education in the fourth quarter valued at about $361,000. Custom Index Systems LLC acquired a new position in shares of Grand Canyon Education in the fourth quarter valued at about $266,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Grand Canyon Education by 208.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after purchasing an additional 290 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $127.15 on Friday. The firm has a market capitalization of $3.82 billion, a PE ratio of 18.70, a P/E/G ratio of 1.14 and a beta of 0.59. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94. The stock’s 50-day simple moving average is $132.70 and its 200-day simple moving average is $130.83.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.72 by $0.05. The firm had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.00 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. Sell-side analysts forecast that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now directly owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $160.00 price objective on shares of Grand Canyon Education in a report on Thursday.

About Grand Canyon Education

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.