Corient Private Wealth LLC Sells 1,145 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Corient Private Wealth LLC lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,237 shares of the company’s stock after selling 1,145 shares during the period. Corient Private Wealth LLC’s holdings in Grand Canyon Education were worth $3,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its stake in shares of Grand Canyon Education by 12.0% during the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after acquiring an additional 141,648 shares in the last quarter. State Street Corp raised its stake in shares of Grand Canyon Education by 0.9% during the third quarter. State Street Corp now owns 883,971 shares of the company’s stock valued at $125,391,000 after acquiring an additional 8,159 shares in the last quarter. Wasatch Advisors LP raised its stake in Grand Canyon Education by 15.4% in the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after buying an additional 68,579 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Grand Canyon Education by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company’s stock worth $47,185,000 after buying an additional 1,101 shares in the last quarter. Finally, Reinhart Partners LLC. raised its stake in Grand Canyon Education by 1.6% in the fourth quarter. Reinhart Partners LLC. now owns 330,946 shares of the company’s stock worth $54,209,000 after buying an additional 5,339 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

LOPE has been the subject of a number of recent research reports. Barrington Research boosted their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

Grand Canyon Education Trading Down 0.8 %

NASDAQ LOPE opened at $168.82 on Friday. The firm’s fifty day simple moving average is $175.06 and its two-hundred day simple moving average is $160.01. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The firm has a market capitalization of $4.85 billion, a P/E ratio of 21.81, a P/E/G ratio of 1.42 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The firm had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.