Corebridge Financial Inc. Sells 1,831 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Corebridge Financial Inc. trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.3% during the 4th quarter, HoldingsChannel reports. The fund owned 32,632 shares of the company’s stock after selling 1,831 shares during the quarter. Corebridge Financial Inc.’s holdings in Grand Canyon Education were worth $5,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Grand Canyon Education by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock worth $692,000 after purchasing an additional 63 shares in the last quarter. DGS Capital Management LLC boosted its stake in Grand Canyon Education by 1.5% during the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock worth $624,000 after buying an additional 67 shares in the last quarter. Barclays PLC increased its holdings in Grand Canyon Education by 0.4% in the 3rd quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after buying an additional 84 shares during the period. MML Investors Services LLC raised its stake in shares of Grand Canyon Education by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock valued at $814,000 after buying an additional 91 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in shares of Grand Canyon Education by 2.1% during the 4th quarter. Xponance Inc. now owns 4,634 shares of the company’s stock worth $759,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $174.94 on Friday. The company has a market capitalization of $5.03 billion, a PE ratio of 22.60, a P/E/G ratio of 1.42 and a beta of 0.78. The company’s fifty day moving average is $175.76 and its 200-day moving average is $161.22. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The firm 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, analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current 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.