Gallacher Capital Management LLC Decreases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Gallacher Capital Management LLC reduced its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,567 shares of the company’s stock after selling 124 shares during the quarter. Gallacher Capital Management LLC’s holdings in Grand Canyon Education were worth $420,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Grand Canyon Education in the third quarter valued at $1,867,000. Thrivent Financial for Lutherans boosted its stake in shares of Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after purchasing an additional 19,577 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Grand Canyon Education by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock valued at $352,000 after purchasing an additional 209 shares during the period. Icon Wealth Advisors LLC boosted its stake in shares of Grand Canyon Education by 113.7% in the third quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock valued at $1,307,000 after purchasing an additional 4,901 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in shares of Grand Canyon Education in the fourth quarter valued at $255,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOPE. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Barrington Research upped their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Price Performance

LOPE opened at $168.91 on Friday. The stock has a market capitalization of $4.85 billion, a PE ratio of 21.82, a P/E/G ratio of 1.42 and a beta of 0.78. The firm’s fifty day moving average price is $174.37 and its 200 day moving average price is $159.12. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18.

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