Mutual of America Capital Management LLC Reduces Stake in Grand Canyon Education, Inc. $LOPE

Mutual of America Capital Management LLC lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,912 shares of the company’s stock after selling 880 shares during the period. Mutual of America Capital Management LLC’s holdings in Grand Canyon Education were worth $2,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LOPE. Burgundy Asset Management Ltd. boosted its position in Grand Canyon Education by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company’s stock worth $163,703,000 after purchasing an additional 61,034 shares in the last quarter. AQR Capital Management LLC boosted its position in Grand Canyon Education by 2.1% in the 1st quarter. AQR Capital Management LLC now owns 577,082 shares of the company’s stock worth $99,656,000 after purchasing an additional 12,003 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Grand Canyon Education by 1.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 392,672 shares of the company’s stock worth $74,215,000 after purchasing an additional 6,428 shares in the last quarter. Northern Trust Corp boosted its position in Grand Canyon Education by 8.1% in the 1st quarter. Northern Trust Corp now owns 370,875 shares of the company’s stock worth $64,169,000 after purchasing an additional 27,714 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Grand Canyon Education by 3.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 360,825 shares of the company’s stock worth $62,430,000 after purchasing an additional 13,347 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $218.35 on Friday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.62 and a beta of 0.76. The stock has a 50 day simple moving average of $209.31 and a 200-day simple moving average of $192.25. Grand Canyon Education, Inc. has a 1-year low of $132.57 and a 1-year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business had revenue of $247.50 million during the quarter, compared to the consensus estimate of $240.90 million. During the same period in the prior year, the company posted $1.19 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on LOPE. Weiss Ratings restated a “buy (b+)” rating on shares of Grand Canyon Education in a research report on Tuesday, October 14th. BMO Capital Markets lowered their price objective on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research report on Monday, July 7th. Barrington Research restated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research report on Tuesday. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Zacks Research downgraded Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.67.

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.