Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Savant Capital LLC

Savant Capital LLC cut its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,921 shares of the company’s stock after selling 531 shares during the quarter. Savant Capital LLC’s holdings in Grand Canyon Education were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Grand Canyon Education in the fourth quarter valued at about $27,000. Reston Wealth Management LLC purchased a new stake in Grand Canyon Education during the 3rd quarter worth approximately $28,000. True Wealth Design LLC acquired a new stake in Grand Canyon Education during the 3rd quarter worth approximately $31,000. Financial Life Planners purchased a new position in Grand Canyon Education in the 4th quarter valued at approximately $37,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Grand Canyon Education in the third quarter worth $60,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on LOPE. Robert W. Baird lifted their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets boosted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Barrington Research reiterated an “outperform” rating and issued a $180.00 price target on shares of Grand Canyon Education in a research note on Monday, January 27th.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were 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 in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $182.94 on Friday. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $183.86. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74. The business has a 50-day moving average of $168.82 and a two-hundred day moving average of $154.12.

Grand Canyon Education Company 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.