Riverbridge Partners LLC Has $234.06 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Riverbridge Partners LLC lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,428,922 shares of the company’s stock after selling 93,826 shares during the quarter. Grand Canyon Education makes up approximately 3.2% of Riverbridge Partners LLC’s holdings, making the stock its 4th biggest holding. Riverbridge Partners LLC owned about 4.90% of Grand Canyon Education worth $234,057,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in 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 valued at $692,000 after acquiring an additional 63 shares during the last quarter. DGS Capital Management LLC grew its position in shares of Grand Canyon Education by 1.5% during the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock worth $624,000 after buying an additional 67 shares during the period. Barclays PLC increased its stake in shares of Grand Canyon Education by 0.4% in the 3rd quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after acquiring an additional 84 shares during the last quarter. MML Investors Services LLC raised its position in shares of Grand Canyon Education by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock valued at $814,000 after acquiring an additional 91 shares during the period. Finally, NBC Securities Inc. grew its holdings in Grand Canyon Education by 12.6% during the third quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, 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 at this link. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Grand Canyon Education Price Performance

LOPE stock opened at $171.50 on Thursday. The business has a 50-day moving average of $165.10 and a 200-day moving average of $150.92. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $176.77. The stock has a market capitalization of $5.00 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.30 and a beta of 0.75.

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