Foresight Group Ltd Liability Partnership Trims Stock Holdings in Grand Canyon Education, Inc. $LOPE

Foresight Group Ltd Liability Partnership lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,139 shares of the company’s stock after selling 8,376 shares during the quarter. Grand Canyon Education comprises about 2.2% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 20th biggest holding. Foresight Group Ltd Liability Partnership’s holdings in Grand Canyon Education were worth $14,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. NDVR Inc. lifted its holdings in shares of Grand Canyon Education by 2.9% in the 2nd quarter. NDVR Inc. now owns 1,837 shares of the company’s stock worth $347,000 after acquiring an additional 52 shares during the last quarter. True Wealth Design LLC lifted its stake in Grand Canyon Education by 46.0% during the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after purchasing an additional 64 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Grand Canyon Education by 6.7% during the third quarter. Geneos Wealth Management Inc. now owns 1,019 shares of the company’s stock worth $224,000 after buying an additional 64 shares during the period. Cetera Investment Advisers boosted its position in shares of Grand Canyon Education by 0.4% during the second quarter. Cetera Investment Advisers now owns 16,281 shares of the company’s stock worth $3,077,000 after buying an additional 65 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Grand Canyon Education by 16.5% in the third quarter. Exchange Traded Concepts LLC now owns 515 shares of the company’s stock valued at $113,000 after buying an additional 73 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

LOPE stock opened at $168.19 on Tuesday. The business’s 50-day moving average is $168.42 and its two-hundred day moving average is $185.11. The firm has a market capitalization of $4.70 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.12 and a beta of 0.74. Grand Canyon Education, Inc. has a 1 year low of $149.83 and a 1 year high of $223.04.

Analyst Upgrades and Downgrades

LOPE has been the topic of several research reports. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings cut shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Finally, Barrington Research restated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.