Harbor Capital Advisors Inc. Trims Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Harbor Capital Advisors Inc. trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,258 shares of the company’s stock after selling 1,061 shares during the period. Harbor Capital Advisors Inc. owned 0.14% of Grand Canyon Education worth $6,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LOPE. Arizona State Retirement System increased its stake in shares of Grand Canyon Education by 1.9% during the second quarter. Arizona State Retirement System now owns 8,404 shares of the company’s stock worth $1,176,000 after acquiring an additional 156 shares during the period. Choreo LLC acquired a new position in shares of Grand Canyon Education during the second quarter worth about $332,000. Texas Permanent School Fund Corp increased its stake in shares of Grand Canyon Education by 19.2% during the second quarter. Texas Permanent School Fund Corp now owns 30,831 shares of the company’s stock worth $4,314,000 after acquiring an additional 4,963 shares during the period. Headlands Technologies LLC grew its position in Grand Canyon Education by 474.6% during the second quarter. Headlands Technologies LLC now owns 3,637 shares of the company’s stock worth $509,000 after buying an additional 3,004 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in Grand Canyon Education by 35.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 90,408 shares of the company’s stock valued at $12,015,000 after buying an additional 23,689 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Down 1.4 %

Shares of LOPE traded down $2.35 during midday trading on Friday, hitting $161.38. The company had a trading volume of 22,885 shares, compared to its average volume of 112,732. The company’s 50 day moving average price is $163.32 and its 200 day moving average price is $149.22. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.38 and a beta of 0.75. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. Equities analysts anticipate that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barrington Research raised their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 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.