Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,551 shares of the company’s stock after selling 1,296 shares during the quarter. Voya Investment Management LLC’s holdings in Grand Canyon Education were worth $7,789,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in Grand Canyon Education in the fourth quarter valued at approximately $421,000. QRG Capital Management Inc. acquired a new stake in Grand Canyon Education in the fourth quarter valued at approximately $255,000. Postrock Partners LLC acquired a new stake in Grand Canyon Education in the fourth quarter valued at approximately $1,715,000. Franklin Resources Inc. grew its position in Grand Canyon Education by 10.7% in the third quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock valued at $5,014,000 after acquiring an additional 3,630 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Grand Canyon Education by 5.7% in the fourth quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock valued at $27,388,000 after acquiring an additional 9,083 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LOPE. Barrington Research reaffirmed an “outperform” rating and issued a $205.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, April 15th. BMO Capital Markets upped their target price on shares of 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 lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $177.89 on Wednesday. The firm has a market cap of $5.11 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 1 year low of $129.86 and a 1 year high of $192.18. The firm’s 50-day simple moving average is $173.44 and its 200-day simple moving average is $166.56.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate 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, equities analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current 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.