Pacer Advisors Inc. Lowers Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Pacer Advisors Inc. decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,668 shares of the company’s stock after selling 582 shares during the quarter. Pacer Advisors Inc.’s holdings in Grand Canyon Education were worth $933,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LOPE. Versant Capital Management Inc raised its stake in Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after buying an additional 283 shares in the last quarter. Blue Trust Inc. raised its position in shares of Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after acquiring an additional 533 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of 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 bought a new stake in Grand Canyon Education during the first quarter valued at about $132,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

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 company has a market cap of $4.23 billion, a PE ratio of 19.91, a P/E/G ratio of 1.21 and a beta of 0.69. The business has a 50-day simple moving average of $144.37 and a two-hundred day simple moving average of $140.42.

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

Insider Activity at Grand Canyon Education

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a research note on Friday, September 20th. Finally, StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th.

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.