Harbor Capital Advisors Inc. Sells 1,061 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Harbor Capital Advisors Inc. reduced its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,258 shares of the company’s stock after selling 1,061 shares during the period. Harbor Capital Advisors Inc.’s holdings in Grand Canyon Education were worth $6,758,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in Grand Canyon Education by 47.7% during the 2nd quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after acquiring an additional 173,800 shares during the last quarter. FMR LLC raised its holdings in Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after buying an additional 141,648 shares during the period. Renaissance Technologies LLC raised its holdings in Grand Canyon Education by 41.0% during the 2nd quarter. Renaissance Technologies LLC now owns 285,057 shares of the company’s stock worth $39,882,000 after buying an additional 82,855 shares during the period. Wasatch Advisors LP raised its holdings in Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after buying an additional 68,579 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in Grand Canyon Education by 1,481.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,821 shares of the company’s stock worth $9,069,000 after buying an additional 60,723 shares during the period. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

LOPE has been the topic of several research analyst reports. Barrington Research raised their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 completion of the transaction, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Trading Down 1.4 %

Shares of NASDAQ LOPE traded down $2.35 during midday trading on Friday, reaching $161.38. The company’s stock had a trading volume of 22,885 shares, compared to its average volume of 112,732. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $173.37. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.38 and a beta of 0.75. The stock has a 50 day simple moving average of $163.32 and a 200-day simple moving average of $149.22.

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

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.