Orion Portfolio Solutions LLC Sells 454 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Orion Portfolio Solutions LLC decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.5% during the third quarter, HoldingsChannel.com reports. The firm owned 6,547 shares of the company’s stock after selling 454 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Grand Canyon Education were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LOPE. Wealth Enhancement Advisory Services LLC bought a new position in shares of Grand Canyon Education in the second quarter worth approximately $437,000. Blue Trust Inc. lifted its position in 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 acquiring an additional 533 shares in the last quarter. Raymond James & Associates boosted its stake in Grand Canyon Education by 0.5% during the 2nd quarter. Raymond James & Associates now owns 60,258 shares of the company’s stock valued at $8,431,000 after purchasing an additional 287 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Grand Canyon Education by 13.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,121 shares of the company’s stock worth $1,136,000 after purchasing an additional 963 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Grand Canyon Education in the 2nd quarter worth $292,000. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barrington Research increased their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price target 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. Finally, StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $166.79 on Monday. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37. The stock has a fifty day moving average of $152.28 and a 200 day moving average of $146.21. The stock has a market cap of $4.86 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business’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. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was 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 directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Company 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.