Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. cut its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,693 shares of the company’s stock after selling 190 shares during the period. BTC Capital Management Inc.’s holdings in Grand Canyon Education were worth $377,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its position 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 period. Values First Advisors Inc. bought a new position in shares of Grand Canyon Education in the second quarter worth $1,961,000. Blue Trust Inc. increased its holdings in shares of Grand Canyon Education by 710.7% during the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares during the period. Reinhart Partners LLC. raised its stake in shares of Grand Canyon Education by 0.8% during the second quarter. Reinhart Partners LLC. now owns 310,425 shares of the company’s stock valued at $43,432,000 after purchasing an additional 2,566 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Grand Canyon Education by 42.3% in the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company’s stock worth $30,833,000 after purchasing an additional 65,518 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barrington Research reissued an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a research note on Wednesday, August 7th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird increased their price objective on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE traded up $0.07 during mid-day trading on Monday, reaching $139.89. The company had a trading volume of 20,828 shares, compared to its average volume of 188,501. Grand Canyon Education, Inc. has a twelve month low of $110.42 and a twelve month high of $157.53. The stock’s 50 day moving average is $143.65 and its 200-day moving average is $138.49. The stock has a market capitalization of $4.16 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The firm had revenue of $227.50 million for the quarter, compared to the consensus estimate of $223.56 million. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 earnings per share. On average, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS for the current 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.