Y Intercept Hong Kong Ltd Lowers Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Y Intercept Hong Kong Ltd decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,711 shares of the company’s stock after selling 2,833 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Grand Canyon Education were worth $608,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock worth $692,000 after buying an additional 63 shares during the period. DGS Capital Management LLC boosted its holdings in Grand Canyon Education by 1.5% during the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after acquiring an additional 67 shares during the period. Barclays PLC grew its position in Grand Canyon Education by 0.4% during the 3rd quarter. Barclays PLC now owns 18,977 shares of the company’s stock worth $2,692,000 after acquiring an additional 84 shares during the last quarter. MML Investors Services LLC grew its position in Grand Canyon Education by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after acquiring an additional 91 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Grand Canyon Education by 22.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock worth $88,000 after purchasing an additional 99 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LOPE shares. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Robert W. Baird raised their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barrington Research upped their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the transaction, the chief technology officer now owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Up 0.9 %

Shares of LOPE stock opened at $179.82 on Friday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.42 and a beta of 0.74. The stock has a fifty day moving average of $172.52 and a 200 day moving average of $156.95. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

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.