Thrivent Financial for Lutherans Reduces Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Thrivent Financial for Lutherans decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 364,155 shares of the company’s stock after selling 59,478 shares during the period. Thrivent Financial for Lutherans’ holdings in Grand Canyon Education were worth $59,649,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LOPE. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $27,000. True Wealth Design LLC purchased a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $31,000. Financial Life Planners purchased a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $37,000. Versant Capital Management Inc boosted its position in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after purchasing an additional 167 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $86,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

LOPE has been the subject of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Barrington Research increased their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

Grand Canyon Education Stock Up 1.9 %

Grand Canyon Education stock opened at $170.48 on Thursday. The firm 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 52-week low of $126.17 and a 52-week high of $192.18. The company’s 50 day moving average is $174.78 and its two-hundred day moving average is $159.65.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) 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 analyst estimates 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 anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education 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.