Vaughan Nelson Investment Management L.P. Sells 9,454 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

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Vaughan Nelson Investment Management L.P. cut its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,486 shares of the company’s stock after selling 9,454 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.37% of Grand Canyon Education worth $13,949,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LOPE. Quantitative Systematic Strategies LLC increased its position in Grand Canyon Education by 94.8% during the third quarter. Quantitative Systematic Strategies LLC now owns 7,352 shares of the company’s stock worth $588,000 after acquiring an additional 3,578 shares during the period. Aperio Group LLC increased its holdings in Grand Canyon Education by 9.8% in the 3rd quarter. Aperio Group LLC now owns 72,513 shares of the company’s stock valued at $5,796,000 after buying an additional 6,501 shares during the period. Blair William & Co. IL increased its holdings in Grand Canyon Education by 4.2% in the 3rd quarter. Blair William & Co. IL now owns 15,875 shares of the company’s stock valued at $1,269,000 after buying an additional 639 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Grand Canyon Education by 6.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,600 shares of the company’s stock valued at $448,000 after purchasing an additional 341 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in Grand Canyon Education by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 98,172 shares of the company’s stock worth $7,848,000 after buying an additional 2,900 shares during the period. 99.94% of the stock is currently owned by institutional investors.

Several research firms recently commented on LOPE. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Thursday, November 12th. Berenberg Bank started coverage on shares of Grand Canyon Education in a research report on Tuesday, October 20th. They set a “buy” rating on the stock. TheStreet downgraded shares of Grand Canyon Education from a “b-” rating to a “c+” rating in a research report on Tuesday, September 29th. BidaskClub downgraded shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Finally, ValuEngine downgraded shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Grand Canyon Education currently has a consensus rating of “Buy” and a consensus price target of $106.80.

Shares of NASDAQ LOPE opened at $85.30 on Tuesday. The company has a market capitalization of $4.00 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.00 and a beta of 0.57. Grand Canyon Education, Inc. has a 52-week low of $57.89 and a 52-week high of $106.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The company’s 50 day moving average price is $81.66 and its 200-day moving average price is $89.64.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.03. The firm had revenue of $198.30 million for the quarter, compared to the consensus estimate of $197.67 million. Grand Canyon Education had a net margin of 31.11% and a return on equity of 18.04%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 EPS. Analysts forecast that Grand Canyon Education, Inc. will post 5.47 earnings per share for the current year.

In other news, Director Jack A. Henry sold 2,325 shares of Grand Canyon Education stock in a transaction on Monday, September 14th. The shares were sold at an average price of $86.07, for a total value of $200,112.75. Following the completion of the sale, the director now owns 16,319 shares in the company, valued at approximately $1,404,576.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience counseling services.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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