Congress Wealth Management LLC DE Decreases Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Congress Wealth Management LLC DE reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 19.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,846 shares of the company’s stock after selling 460 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Grand Canyon Education were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOPE. Charles Schwab Investment Management Inc. raised its position in Grand Canyon Education by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company’s stock worth $47,185,000 after acquiring an additional 1,101 shares during the period. Cerity Partners LLC raised its holdings in shares of Grand Canyon Education by 41.8% in the 3rd quarter. Cerity Partners LLC now owns 20,995 shares of the company’s stock worth $2,978,000 after purchasing an additional 6,184 shares during the period. FMR LLC lifted its stake in Grand Canyon Education by 12.0% in the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after purchasing an additional 141,648 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Grand Canyon Education during the third quarter valued at $334,000. Finally, Wasatch Advisors LP increased its position in Grand Canyon Education by 15.4% in the third 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 last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $174.94 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18. The stock has a market cap of $5.03 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. The stock has a fifty day moving average of $175.76 and a 200-day moving average of $161.22.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, Barrington Research lifted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

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.