American Century Companies Inc. Reduces Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

American Century Companies Inc. trimmed its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 32.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,587 shares of the company’s stock after selling 9,335 shares during the period. American Century Companies Inc. owned approximately 0.07% of Grand Canyon Education worth $2,740,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc grew its position in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares during the last quarter. Blue Trust Inc. grew its position in Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after purchasing an additional 533 shares during the last quarter. GAMMA Investing LLC grew its position in Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares during the last quarter. TFO Wealth Partners LLC grew its position in Grand Canyon Education by 85,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after purchasing an additional 852 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in Grand Canyon Education during the 1st quarter worth $132,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on LOPE shares. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. BMO Capital Markets lifted their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a report on Friday, September 20th.

Grand Canyon Education Stock Down 0.2 %

Shares of NASDAQ:LOPE opened at $142.34 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $112.38 and a fifty-two week high of $157.53. The firm’s 50-day simple moving average is $144.50 and its 200-day simple moving average is $140.36. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.21 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The firm had revenue of $227.50 million for the quarter, compared to the consensus estimate of $223.56 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, research analysts forecast that Grand Canyon Education, Inc. will post 7.98 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.