Farther Finance Advisors LLC Sells 221 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Farther Finance Advisors LLC trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 14.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,322 shares of the company’s stock after selling 221 shares during the period. Farther Finance Advisors LLC’s holdings in Grand Canyon Education were worth $217,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of LOPE. Victory Capital Management Inc. increased its holdings in Grand Canyon Education by 2.2% in the 3rd quarter. Victory Capital Management Inc. now owns 10,075 shares of the company’s stock worth $1,429,000 after buying an additional 219 shares in the last quarter. KBC Group NV grew its stake in shares of Grand Canyon Education by 22.0% during the 3rd quarter. KBC Group NV now owns 944 shares of the company’s stock valued at $134,000 after purchasing an additional 170 shares during the period. Empowered Funds LLC grew its stake in shares of Grand Canyon Education by 4.4% during the 3rd quarter. Empowered Funds LLC now owns 10,041 shares of the company’s stock valued at $1,424,000 after purchasing an additional 421 shares during the period. Natixis Advisors LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $1,440,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $1,867,000. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LOPE shares. BMO Capital Markets boosted their price target on 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 boosted their price target on 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, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

Grand Canyon Education Trading Up 1.9 %

Shares of NASDAQ:LOPE opened at $170.48 on Thursday. The stock has a 50 day moving average of $174.78 and a 200 day moving average of $159.65. The company has a market cap of $4.90 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. 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 announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Equities research analysts predict 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.