Grand Canyon Education, Inc. (LOPE) Position Trimmed by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 773,415 shares of the company’s stock after selling 134,321 shares during the quarter. Franklin Resources Inc. owned approximately 1.61% of Grand Canyon Education worth $69,243,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LOPE. Nationwide Fund Advisors lifted its stake in Grand Canyon Education by 62.1% during the third quarter. Nationwide Fund Advisors now owns 139,763 shares of the company’s stock worth $12,693,000 after purchasing an additional 53,555 shares during the last quarter. Aperio Group LLC lifted its stake in Grand Canyon Education by 9.0% during the third quarter. Aperio Group LLC now owns 10,534 shares of the company’s stock worth $957,000 after purchasing an additional 872 shares during the last quarter. American Century Companies Inc. purchased a new stake in Grand Canyon Education during the third quarter worth approximately $13,369,000. Prudential Financial Inc. lifted its stake in Grand Canyon Education by 28.1% during the third quarter. Prudential Financial Inc. now owns 265,574 shares of the company’s stock worth $24,119,000 after purchasing an additional 58,321 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Grand Canyon Education by 18.0% during the third quarter. New York State Common Retirement Fund now owns 80,861 shares of the company’s stock worth $7,344,000 after purchasing an additional 12,356 shares during the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.

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Several research firms recently weighed in on LOPE. BidaskClub upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Robert W. Baird restated an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Grand Canyon Education in a research note on Thursday, February 22nd. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Friday, December 15th. Finally, Piper Jaffray upped their price target on Grand Canyon Education to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $109.60.

Shares of Grand Canyon Education stock traded up $0.38 during trading hours on Friday, hitting $106.67. 266,925 shares of the company were exchanged, compared to its average volume of 272,350. Grand Canyon Education, Inc. has a 1 year low of $68.82 and a 1 year high of $109.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $5,151.31, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.19.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. Grand Canyon Education had a return on equity of 21.20% and a net margin of 20.87%. The firm had revenue of $271.42 million for the quarter, compared to analyst estimates of $268.42 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. Grand Canyon Education’s quarterly revenue was up 10.9% on a year-over-year basis. equities research analysts anticipate that Grand Canyon Education, Inc. will post 4.7 EPS for the current year.

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About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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

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